Empson v. Deuel County State Bank

This is an action in equity against the Deuel County State Bank and its stockholders and the Reconstruction Finance Corporation, hereinafter styled R. F. C., and the department of banking of the state of Nebraska, and its superintendent, wherein the plaintiff sought a decree declaring that he was entitled, upon the retirement of preferred stock in said bank, to have issued to him common stock in the amount of 50 per cent, of the preferred stock so retired, and plaintiff prayed that the defendants be enjoined from issuing said stock upon any other basis.

The court found that the plaintiff was…