Smith v. Barnett Nat'l. Bank of Jacksonville

The writ of error brings for review a judgment in favor of the defendant in the suit instituted by the statutory Liquidator appointed by the Comptroller upon taking charge of the affairs of a defunct bank. The suit was to enforce the payment by an executor stockholder of its liability on a stock assessment.

The controlling questions to be determined are: First, Whether or not the Comptroller did on the 22nd day of January, 1929, make a valid assessment of 100% on each share of stock against each and every of the stockholders of the defunct bank, which bank had been taken over by the…