Gordon, SEC. of Bk. v. Biesinger

Per Curiam,

The secretary of banking brought four separate bills in equity against the shareholders of four closed banks to compel them to pay the full amount of their statutory liability pursuant to Section 5 of the Act of May 13, 1876, P. L. 161. In each suit the shareholders of the respective banks, who were all joined as respondents, filed preliminary objections contesting the right to equitable relief and the constitutionality of the statutory provision for double liability. The court below sus tained the preliminary objections and entered decrees for the respondents.

Without expressing an…