Colman v. Button

This is an action by James B. Button, superintendent of banks, to enforce the constitutional and statutory liability of C. H. Colman as a stockholder of the Yuma Valley Bank, in course of liquidation. Judgment went in favor of plaintiff, and the defendant appeals.

The controlling facts are as follows: On February 18, 1929, the defendant subscribed and paid for 80 shares, at $25 per share, of the capital stock of the Yuma Valley Bank, thereafter to be organized to take over the assets and affairs of the Yuma National Bank then being liquidated. The Yuma Valley Bank was formally organized for…