Austin v. Proctor

This suit was filed by the banking pommissioner in the district court of Eastland county against the. appellee, Proctor, of El Paso county. Upon plea of privilege the venue was changed to El Paso county. Upon trial a peremptory instruction was given in accordance with which verdict was returned and judgment rendered in defendant’s favor.

On August 3, 1921, the Security State Bank & Trust Company of Eastland, being insolvent, passed into the hands of the commissioner for liquidation. On October 4, 1921, the commissioner levied a 100 per cent, assessment against the stockholders of the bank, of…