Freeman v. Holliday

The opinion of the Court was delivered by

Mr. Justice Stabler.

Under the authority of an Act passed in 1920 (36 St. at Large, p. 199), this action was brought by the plaintiff, as receiver of the Bank of Aynor, a closed banking institution, for the purpose of collecting from the defendant his statutory liability as a stockholder. It is alleged in the complaint that the defendant, at the time the bank suspended business, was the owner of 395 shares of its stock of the par value of $25.00 each, and that he was liable therefor to the plaintiff, as receiver, in the sum of $9,800.00, which amount he…