Ellett v. Newland

Plaintiffs appealed from a judgment dismissing their suit on exception of no cause and no right of action.

Petitioners allege that the Bank of Mooringsport was a banking corporation organized under the laws of this state, and that these defendants were officers and directors of said bank from December 15, 1927, to February 20, 1928; that at various times between those dates, said officers and directors "solicited, received and/or assented to the reception of deposits of money from your petitioners in said bank * * * at all of which times said bank was insolvent or in failing circumstances to…