Baird v. Anderson

The defendants are holders of stock in the First State Bank of Velva, declared by the district court of Burleigh county to be an insolvent bank and placed in charge of the plaintiff as general receiver.

The complaint states the number of shares of stock held by each defendant, the amount of the debts of the bank, the face value of its assets, the inability of the bank to pay its debts “without resorting to the added statutory stockholders’ liability prescribed by law,” that the district court duly levied an assessment against each stockholder for the full amount of their liability, and that…