Lawhead v. Lazzelle

KeNNA, Judge:

C. E. Lawhead, as receiver designated by the banking commissioner for Union Bank & Trust Company, exhibited a bill of complaint in the circuit court of Monongalia County against Luther Lazzelle, in which it was alleged that the bank on September 4, 1931, was found bjr the banking commissioner to be insolvent and plaintiff named on that day as its receiver and that on that day he qualified; that on the same day, the hanking commissioner laid the full constitutional and statutory assessment of 100% of the par value of their stock on the stockholders of the Union Bank & Trust…