Brayton v. Dager

We first consider upon this appeal the question whether a distributee of the estate of a deceased owner of national bank stock is liable for an assessment levied thereupon after the latter’s death.

When Adam Dager died on June 24, 1932, he was a stockholder of record of The Herkimer National Bank, which ceased operations nine months prior to that date. Thereafter the bank was adjudged insolvent and plaintiff was named by the Comptroller of Currency as its receiver. On July 12, 1934, more than two years after decedent’s death, an assessment was levied upon the stockholders of the insolvent bank…