Ward v. Rice

KIRKPATRICK, District Judge.

This is a suit by the receiver of an insolvent national bank against a stockholder to recover an assessment upon his' stock, levied by the Comptroller of the Currency. The case was tried to the Court without a jury. The following facts are specially found:

The defendant was, on and prior to March 4, 1933, the holder of three shares of the capital stock of the bank. On that day the bank suspended business and then and at all times since has failed to meet its obligations. On January 15, 1934, the Comptroller of the Currency declared the bank insolvent and appointed a…