Legal Opinion

Burnett v. Garfield State Bank

Appellate Court of Illinois

Decided November 6, 1944No. Gen. No. 42,904Published

1Opinion of the CourtJustice Scanlan

A proceeding to enforce the superadded liability of stockholders of the Garfield State Bank, a corporation whose existence was terminated on November 12,1929. The'decree, entered upon a master’s report, directs the defendants who prosecute this appeal to pay to the receiver the respective amounts for which they were found to be liable. The said defendants, the amount entered in the decree as to each, and the number of shares that each was liable on, appear from the following table:

Name of Defendant Amount of Number of Shares

Decree Liable on

Howard R. Baldwin $ 500 5

Delbert A. Clithero» 2,700 79

2Cases cited10 opinions

  1. Golden v. CervenkaIllinois Supreme Court · 1917
  2. Sanders v. Merchants State BankIllinois Supreme Court · 1932
  3. Burnett v. West Madison State BankIllinois Supreme Court · 1940
  4. Heine v. DegenIllinois Supreme Court · 1935
  5. Walker v. WoodIllinois Supreme Court · 1897

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