Luikart v. Bunz

Day, J..

This is a suit in equity brought by the receiver of an insolvent state bank to recover the stockholders’ double liability for the benefit of all unpaid creditors of the banking corporation. All the stockholders in said bank were made defendants, and judgments were entered against each for the amount of their liability as determined by their ownership of the corporate stock of the bank.

The appellants’ challenge to the right of the receiver *868of the bank will be considered first. It is conceded that this court has held: “The remedy for the enforcement of the entire double liability…