Chapman v. Marsico

This suit, commenced August 15, 1921, by Ed Hall, as commissioner of banking, against R. T. 'Arthur and N. Marsico, was afterwards prosecuted to a judgment by appellant Chapman, as Hall’s successor in office, in his (Chapman’s) favor against Arthur for $1,695 and in Marsico’s favor for costs.

The suit was to enforce a liability the commissioner claimed Arthur and Marsico had incurred by force of the statute (articles 552 and 556, Vernon’s Statutes) as holders of capital stock of an insolvent state bank. It appeared from testimony heard at the trial that on June 24, 1921, Arthur borrowed $2,025…