Kent v. Love

J. S. Love, state superintendent of banks, sued K. C. Kent, a stockholder in the Bank of Carrollton, for six hundred dollars, the value of six shares of capital stock owned by Kent in the bank when it closed its doors and was taken over by the state superintendent of banks, under our state banking- law. After the bank failed it was ascertained by the superintendent that the bank was insolvent in that its assets were not sufficient to pa.y the depositors in full, whereupon demand was made upon the stockholders to pay to the superintendent the amount of the value of stock held by them under the…