Silberstein v. First National Bank of Boston

PHILLIPS, Justice.

The plaintiff bank sued defendants Sil-berstein and Ginsburg under the provisions of Article 12.14, V.C.S. (General Taxation Code.) The suit sought to hold these defendants personally liable for a debt incurred by a corporation known as Saul’s of Fort Worth, Inc., of which both defendants were officers and directors.

The pertinent parts of Article 12.14 are as follows:

“ * * * Each director and officer of any corporation whose right to do business within this State shall be so forfeited shall, as to any and all debts of such corporation, which shall include all franchise taxes…