Bates v. American Savings Bank

Appellant, receiver of American Savings Bank of Muscatine, demanded judgment against Cora Noble, appellee, for an assessment of one hundred per cent on $2400 of the capital stock of said bank. The action is founded on section 9251, Code 1931, to which further reference will be made. The bank being insolvent suspended business on September 19,1931, and appellant was appointed as its receiver. He claims that when the bank closed Cora Noble was a stockholder to the extent of twenty-four shares within the meaning of section 9251. Appellee denies that such was the fact and asserts that she has not…