Nettles v. Rhett

MYERS, District Judge.

The plaintiff, Joseph L. Nettles, as authorized receiver of the stockholders’ liability of the Peoples State Bank of South Carolina, brought this action in the state court, seeking to enforce stockholders’ liability against the stockholders of Peoples Investment Corporation as the true owners of 74,000 shares of the closed bank, issued in the name of said Peoples Investment Corporation. The defendants Bernard M. Baruch and others filed due notice and petition in the state court, and the said *597cause, having been removed and now duly pending in this court, is before me on…