Willson v. Labhart

This is an appeal from a decree of the circuit court of Jefferson county dismissing for want of equity the bill of appellant seeking to set aside a transfer of certain stock of the Jefferson State Bank of Mt. Vernon and to cancel a mortgage on certain described real estate and subject the property to the claims of the appellant, as receiver for the Jefferson State Bank of Mt. Vernon.

The bill alleges that Lewis C. Morgan died on the fourth day of April, 1931, indebted to the bank in the sum of $8591; that he was, and had been for many years, the owner of seventy shares of the capital stock of…