Sturgis v. Wylie

The Bank of Carthage became-insolvent November 22, 1930, its affairs, were taken over by the State Bank Commissioner. Shortly- thereafter 100 per cent, assessments were levied against stockholders, who were duly notified.

Of the $10,000 capital stock, appellee owned $500. Other members of her family owned an additional $1,000..

Marion Wasson, State Bank Commissioner, filed suit against appellee, and later filed an amended complaint. The defendant filed her answer, specifically denying such allegation.

The Dallas chancery court ordered all assets of the bank sold. July 23, 1935,- appellant…