Laing v. Burley
Illinois Supreme Court
Appeal from the Appellate Court for the 'First District;— heard in that court on appeal from the Circuit Court of Cook county; the Hon. Elliott Anthony, Judge, presiding.
1Opinion of the CourtJustice Scott
Claimant is the receiver of the Cook County National Bank, and as such filed a claim in the probate court of Cook county against the estate of Clara Irene Day Laing, deceased.
Section 5151, title 62, chap. 1, Bev. Stat. U. S. 1874, declares: “The shareholders of every national banking association shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts and engagements of such association to the extent of the amount of their stock therein, at the par value thereof, in addition to the amount invested in such shares.” .It is under this section…
2Cases cited1 opinion
- Wheelock v. KostIllinois Supreme Court · 1875
3Cited by5 opinions
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- Midwest State Bank v. SandidgeSupreme Court of Kansas · 1930