Lawhead v. Edwards

Litz, Judge:

This is a suit by the receiver of an insolvent bank to recover the assessment of double liability against stockholders, imposed by section 6, Article XI of the Constitution and section 32, article 8, chapter 31, Code 1931. C. P. Edwards, named with his children, James Frederick Edwards and Helen Edwards Bradley, as a defendant to the bill, appeals from a judgment against him in favor of plaintiff for $12,391.25.

February 11, 1931, the commissioner of banking, upon ascertaining that the Guyandotte Bank, a state banking institution of Guyandotte, Cabell County, was insolvent,…