State Ex Rel. Fulton v. Arrowhead Investments, Inc.

The action below involved an attempt on the part of the Superintendent of Banks, under authority of Section 710-75, General Code, to collect the superadded or double liability from the defendants George B. Nobil and Charles E. Schwartz, the appellants in this court, who are alleged to be the owners of capital stock in an insolvent banking institution.

Prior to April 7,1933, the defendant George B. Nobil was the owner of 12 shares of the capital stock of the First-Central Trust Company, of Akron, Ohio, and the defendant Charles E. Schwartz was the owner of 25 shares thereof. On April 7, 1933,…