Freeman, Etc. v. Scurry

Opinion by

Me. Justice Hoeace Steen,

On May 12,1931, the Secretary of Banking took possession, as Receiver, of Carbondale Miners and Mechanics Savings Bank, on November 13, 1931, determined to liquidate its affairs, and on January 3, 1944, made an assessment on the stockholders in order to enforce their statutory liability. In the present action against one of the stockholders the affidavit of defense alleged that during the entire thirteen years which elapsed between the time when the Secretary took possession and the time when he made the assessment and demand for payment it was apparent…