In re the Estate of Eakins

Wingate, S.

The decedent was the owner of 150 shares of stock of Baltimore Trust Company, a Maryland corporation. On November 13, 1935, this company was adjudicated to be insolvent, the court simultaneously duly fixing the statutory liability of stockholders at ten dollars per share. It has been stipulated that this “ assessment was made pursuant to the laws of the State of Maryland ” and that it “ became a valid obligation against all of the stockholders of record of said bank upon the date of the signing and entry of said order.”

Since the decedent was a record holder of 150 shares at that…