Patrons State Bank & Trust Co. v. Shapiro

The opinion of the court was delivered by

Prager, J.:

This is an action in which a bank seeks to hold the president of a defunct corporation personally hable for an obligation of the corporation. The Patrons State Bank and Trust Company was the plaintiff below and is the appellee. We will refer to it as the bank in the course of this opinion. The action in district court was originally brought by the bank against the appellant, Deane H. Shapiro, and also against the County Lumber and Supply Corporation of which Shapiro was president. In the district court the defendant corporation failed to…