Cohn v. Dorman, Banking and SEC. Com'r

Opinion op the Court by

Judge Ratliff

Affirming.

In October, 1931, tbe Farmers’ Bank of Fulton, Ky., suspended business and was placed in the hands of the banking commissioner of Kentucky for liquidation.

It became necessary t|0' assess the stockholders of the bank 100 per cent, on their respective1 shares of the capital stock for the benefit of the bank’s creditors. Appellant was the owner of five shares of the capital stock, and pursuant to proper proceedings he was assessed by the banking commissioner the sum of $500, and upon his refusal to pay same, appellee, the banking commissioner,…