B. v. Emery & Co. v. Wilkinson

PHILLIPS, Circuit Judge.

On July 37, 1933, the Comptroller of the Currency took charge of the assets and affairs of the Producers’ National Bank of Tulsa, Oklahoma, and appointed L. R. Kershaw as receiver of such bank. Thereafter Wilkinson duly succeeded Kershaw as receiver.

On August 10, 1932, the Comptroller of the Currency made an administrative order in which he found that, in order to pay the debts of the Producers’ Bank, it was necessary to enforce the individual liability of its shareholders to the extent of $250,000; and in which he made an assessment upon the shareholders of such bank…