Reconstruction Finance Corp. v. Central Republic Trust Co.

SPARKS, Circuit Judge.

The questions here presented arose out of a suit by the Reconstruction Finance Corporation, on behalf of all the creditors of the Central Republic Trust Company, against the stockholders of that trust company, to enforce the liability said to be imposed by the Illinois Constitution.

In that action appellant Miner filed a claim in the District Court on February 21, 1938. He therein alleged that he was a creditor of the Central Republic Trust Company by reason of certain breaches of trust of the Central Trust Company, a predecessor corporation. This phase of the case was…