Pritchard v. . Hood, Comr. of Banks

The Carolina Bank and Trust Company, a corporation engaged in the banking business in Pasquotank County, under the laws of this State, closed its doors and ceased to do business on 23 August, 1929. Its assets are now in the possession of Gurney P. Hood, Commissioner of Banks of North Carolina, and are in process of liquidation as provided by statute. N.C. Code of 1931, sec. 218(c), chap. 113, Public Laws of N.C. 1927, as amended.

The plaintiff is a stockholder of the Carolina Bank and Trust Company, and as such has been assessed by the Commissioner of Banks in the sum of $2,000, by reason of…