Cruse v. Shaw

COMBS, Justice.

This is a suit by Jas. Shaw, state banking commissioner, and D. G. Mann, receiver of the Guaranty State Bank of Woodville, Tex., to recover a $1,000 stock assessment levied against the appellant as a stockholder in the bank, which is insolvent. The only question to be determined is whether or not this action was barred by limitation.

Appellant, Cruse, was one of the stockholders of the Guaranty State Bank of Woodville. The bank ceased to do banking business by order of its board of directors on April 30, 1927. It was insolvent at that time and had been for some time previous. By…