Luikart v. Quinn

This is a proceeding by E. H. Luikart, receiver of the insolvent Citizens State Bank of Benkelman, Dundy county, Nebraska, to enforce a 2,500-dollar claim in favor of its creditors against the estate of Milton Earl, deceased, for a stockholder’s liability on 25 shares of capital stock of the par value of $100 a share, held by him at the time of his death — a liability created by section 7, art. XII of the Constitution. Earl died intestate and his heirs at law and the administrator of his estate objected to the allowance of the claim on the ground that more than two years elapsed between…