Cheatham v. Gormley

Atkinson, Justice.

The State superintendent of banks, having in charge the affairs of insolvent banks for the purpose of liquidation, instituted suit against several officers and directors of a bank, serving at different times during a series of years, for damages on account of alleged acts of misfeasance and acts of nonfeasance, based on thirteen transactions, pausing loss to the creditors and stockholders of the bank. The prayers were for a money judgment and for an accounting. To the petition as amended general and special demurrers were filed. The judge sustained the demurrers to…