Bethea v. Allen

The opinion of the Court was delivered by

Mr. T. S. Sease, Acting Associate Justice.

The above-entitled action, commenced in the Court of Common Pleas for Dillon County in the early part of 1929, is a suit on stockholders’ liability of the stockholders of the Bank of Dillon, which was a consolidation of the First National Bank of Dillon, the Bank of Dillon, and the Peoples Bank. The complaint alleged the names and the amount of stock owned by each of the stockholders in the three banks; that the stockholders had authorized and approved a consolidation as might be agreed to by the directors;…