Chavous v. Gornto

This action is by the receiver of a bank against a stockholder to enforce the statutory liability for the contracts, debts and engagements of the bank.

The declaration alleges the bank’s insolvency, the appointment of a receiver, an assessment by the State Comptroller against the stockholders of the insolvent bank for the full amount of their respective liability under the statute, ownership by the defendant of a number of shares of stock, his liailibty to the plaintiff as receiver by virtue Of the assessment in the sum demanded equal to the par value of his shares, and refusal to pay the same.