First National Bank v. Pine Shores Realty Co.

The declaration, filed June 19, 1930, is in assumpsit on two promissory notes made by defendant corporation in 1929, and indorsed by certain of the individual defendants, who were directors. Liability against the individual defendants as directors is asserted also because of the statutory liability for failure to file annual reports for 1928 and 1929, 2 Comp. Laws 1929, §§ 10127, 10128.

Summons was served duly and personally on the defendants.

Default of all defendants was regularly entered on August 23, 1930. Judgment against the defendants followed on October 27,1930.

Plaintiff brought…