Woodward v. Stewart
Supreme Court of Georgia
Equitable petition. Before Judge Pendleton. Pulton superior court. January 22, 1919.
1Opinion of the CourtHill, J.
The judge of the superior court of Fulton County, in response to a petition filed by three named stockholders of the Citizens Bank of East Point, made an order requiring the receiver of the bank to bring suit against the directors of the bank, to require them to account to the stockholders for their loss by reason of the alleged failure of the directors, to perform their duty, or duties, as such. Suit was accordingly filed, by the, receiver against several persons alleged to be the directors of the bank. The petition alleged that the bank had lost large sums of money on account of bad loans…
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