Tompkins v. Craig

McPHERSON, District Judge.

The plaintiff is the receiver of an insolvent Iowa hank, and the defendants are stockholders residing in this district. The hill is brought to collect an assessment of 50 per cent, levied upon each of ihe defendants under the Iowa statute, which provides that all stockholders in corporations organized to transact a banking business shall be “individually and severally liable to *886the creditors of such association or corporation of which they are stockholders or shareholders, over and above the amount of stock by them held therein, to an amount equal to their respective…