Orndorff v. Austin

The appeal is from a judgment in favor of the banking commissioner in a suit begun by his predecessor in office to recover from the appellant his alleged liability on 100 per cent, assessment made against all stockholders of the moribund Texas State Bank & Trust Company of Ranger..

The trial was had upon appellee’s first amended original petition. To that petition-a general demurrer and a number of special' exceptions were presented. Among the latter was one, in substance, that the defunct bank, as shown by appellee’s pleading, defaulted' November 1, '1921, and its liquidation began. November…