Campbell v. Rainey

This action was instituted by plaintiff, a stockholder in the Farmers & Merchants Bank of Imperial, to recover from defendant Superintendent of Banks of the State of California a certain sum of money paid by said plaintiff on account of an assessment imposed by said defendant upon the stockholders of the bank after the bank had become insolvent and defendant’s predecessor in office had taken possession of the property and business of the bank and was proceeding to liquidate its affairs. Defendant’s predecessor took possession of the bank’s property and business on October 10, 1927. On this…