Reimers v. Larson

Each of the defendants was sued in the district court of Stutsman county in an action to recover on account of an alleged liability as a stockholder in the Security State Bank of Oourtenay, a failed bank. The actions were consolidated for trial and are likewise consolidated on appeal. The complaint in the Larson case alleges that the capital stock of the bank was $25,000, divided into 250 shares of $100.00 each; that previous to February, 1921 tbe corporation was engaged in tbe banking business and that at that time it was found to be insolvent, with an indebtedness exceeding $200,000 and…