Meier v. First Citizens Bankers Corp.

This is- a bill by certain stockholders of the defendant First Citizens Bankers Corporation, a Massachusetts corporation, which is spoken of as a "bank,” but which actually was in the business of making small loans. It has now lost its license to engage in that business. G. L. (Ter. Ed.) c. 140, §§ 96-114.

Eleven of the plaintiffs are directors. But they do not appear to be a majority; the defendants assert that there are twenty-eight directors. The bill is brought, as the judge said, “for the benefit of the bank alleging that the Comerford defendants, who are officers of the bank, irregularly…