Reconstruction Finance Corp. v. Pelts

MINTON, Circuit Judge. «

The Reconstruction Finance Corporation was a large creditor of the Central Republic Trust Company, an insolvent banking corporation, and brought a creditor’s bill against the stockholders of the bank to enforce their added liability on said stock.

TJre original complaint was filed November 19, 1934, in which it was alleged that Edith Levinson was the owner of twenty-four shares of the bank’s stock at the times the Reconstruction Finance Corporation extended its credit to the bank. Phiüp W. Pelts was made a party by amendment filed on September 20, 1935, in which it was…