Bank of Prentice v. Beyer

Plaintiff is a state bank organized under the laws of the state of Wisconsin. Prior to the 5th day of July, 1924, the capital^stock of the plaintiff had become impaired, and the board of directors, on said date, pursuant to the power conferred by sec. 220.07, Stats., made a pro rala assessment upon all of the stock of the bank in the amount of one hundred per cent, to make good such deficiency, and provided the time and manner of payment. Notice of the assessment was duly given, demand was made upon the defendant for the payment of $500, the amount of his. assessment. The defendant refused to…