Henrys v. Raboin

This is an appeal from a decree of the circuit court of Livingston county. The constitutional questions raised give this court jurisdiction by direct appeal.

The controversy is as to the liability of the estate of Richard R. Meents, deceased, to pay the stockholders’ constitutional superadded liability on nine shares of stock held by the estate, which were issued by the Farmers’ State Bank of Cullom. The bank was organized in 1917 and closed by the Auditor" of Public Accounts April 2, 1943. When closed, its total deposit liability was $478,801.57. Its deposits were insured in the Federal…