Van Howe v. Richmond Realty Co.

This is an action in chancery to set aside transfers of certain bank stock to defendant Richmond Realty Company by defendants Walter C. Piper, Hugo J. Hesse and S. Marie Hesse and to subject them to tbe statutory liability as stockholders of the Q-arland State Bank of which plaintiff is receiver.

The bill of complaint was filed August 31,1936, referring to transactions occurring prior to that date. The statute (3 Comp. Laws 1929, § 11906 [Stat. Ann. § 23.14]) then in effect controls the instant case, although since expressly repealed by section 290' of the financial institutions act (Act No.…