Mobley v. Shannon

Tlie Twiggs County Bank became insolvent, and was taken in charge by the superintendent of banks. The superintendent of banks instituted an action against the board of directors of the bank, among whom were the president, the vice-president, and the cashier. The petition alleged various acts of mismanagement and negligence of the officers of the bank in relation to their duties in respect to the affairs of the bank, whereby the funds of the bank were lost, causing damage to the bank in the sum of $100,000. The petition also alleged that the assets of the bank were insufficient to pay…