Weil v. Defenbach

This cause was considered by this court on a former appeal. (Weil v. Defenbach, 31 Ida. 258, 170 Pac. 103.) Reference is made to the former opinion for a statement of the facts. In addition to the facts therein set forth the record shows that in November, 1908, the Traders’ State Bank of Sandpoint transferred the principal part of its assets to the Citizens’ State Bank of the same place, in consideration of which the latter bank agreed to pay the depositors and obligations of the former, and also issued its capital stock to the amount of $14,000 directly to the stockholders of the Traders’…