Shaw v. Lewis

(after stating the case as above). ’:

The principal questions raised are: (1) Could the First State Bank of Paris legally reduce its capital stock without publication of notice as required by article 500, R. S., and, if not, (2) Can the validity of the charter amendment reducing the capital be collaterally attacked, and (3) Is appellant estopped to deny the validity of said reduction, and (4) Does insolvency of the bank at the time of the reduction of its capital stock appear from the pleadings in the case, and, if so, should the cause be reversed for that reason?

We have concluded that the…