Tackett v. Green

Opinion of the Court by

Judge Clarke

Reversing.

In July, 1914, the Peoples Bank of Stamping Ground, Kentucky, having a capitalization of $15,000.00, and found to be insolvent, was taken over for liquidation by the state banking department In April, 1916, appellees, who were stockholders, instituted this action in equity against the six directors of the bank, appellant being one of the number, and the banking commissioner, for a settlement of the latter’s accounts and to recover of the former their losses when ascertained upon a settlement with the banking commissioner, alleged to have been…