Manning v. Wills

Duckworth, Justice.

The primary complaint of the petitioners is that the superintendent of banks, although he has paid all depositors in full and still has approximately $10,000 in assets of the bank in hand, refuses to refund from the assets in hand the-amounts which petitioners and other stockholders have paid in satisfaction of stock assessments made against them. The first in quiry therefore is whether or not the law requires or even authorizes the superintendent to make the disbursements sought by petitioners. The law provides that “whenever the superintendent shall have paid to each and…