Hodge v. Cushing

KING, Circuit Judge.

F. P. Hodge was sued by E. B. Cushing, as receiver of the First National Bank of Ranger, Tex., appointed as such by the Comptroller of the Currency, to recover an assessment of $100 per share made against said Hodge for his alleged individual liability as a stockholder on 20 shares of the capital stock of said bank. The defense in said case was that said Hodge was not a stockholder liable to such assessment.

*159The undisputed facts were: That Hodge was not an original subscriber to the capital stock of said bank. That about October 20, 1920, he was approached by one Hedrick,…