Kansas State Bank v. Shaible

The opinion of the court was delivered by

Hopkins, J.:

The action was one to recover a stockholder’s statutory liability for the benefit of a failed bank.

Thé Kansas State Bank of Salina failed, and on May 29, 1919, a receiver was appointed to wind up its affairs. On August 10,1920, this action was filed against the defendant Samuelson. It was alleged in the petition that Samuelson was the owner and holder of seven shares of stock in the bank of the par value of $100 each, and was liable to the bank in the sum of $700. The case remained pending in the district court until February 17,1923, at…