Bank of Toccoa v. Bond

This was a suit to enforce a voluntary assessment made by the stockholders of a bank, at the direction of the sup'erintendent of banks, to make good an impairment of its capital. From the evidence it appears, without dispute, that the defendant had sold his stock in the plaintiff bank some months before the voluntary assessment was made, and the written notice of the sale and transfer of stock had been given by him to the bank before the assessment was made and before the superintendent of banks had ordered such assessment, although the stock was never transferred upon the books of the…