McCann v. First National Bank

This case grows out of the transaction which was very fully considered by this court in McCann v. First Nat’l Bank, 112 Ind. 354.

The capital stock of the First National Bank of Jefferson-ville was originally $300,000. The borrower of a large amount of money became insolvent, and certain collaterals *96held to secure the loan also became apparently worthless. To avoid an assessment by the comptroller of the currency to make good an impairment of the capital stock, thereby ■occasioned, to the amount of $75,000, the stockholders of the bank, acting under the provisions of section 5143, United…