Brooks v. Randolph State Bank

Kirby, J.,

(after stating the facts).„The learned chancellor held that, under the ruling of this court in the case of Taylor v. Hale, 186 Ark. 873, 56 S. W. (2d) 428, this was an attempt to collect taxes on shares of stock as provided by § 9944, Crawford & Moses’ Digest; but, in the absence of a showing that the Commissioner in charge of the insolvent bank had assets in his hands belonging to the stockholders with which to pay delinquent taxes assessed against such shares of stock, there was no liability on the part of the Commissioner to pay the. delinquent taxes.

The chancellor obviously…