Wright v. Gurley
Supreme Court of Louisiana
Appeal from Civil District Court, Parish of Orleans; Porter Parker, Judge. Suit by J. W. C. Wright and others against W. Morgan Gurley and others, liquidators of the People’s Bank & Trust Company. From a judgment in favor of defendants, plaintiffs appeal.
1Opinion of the CourtProvosty, J.
[1] The plaintiffs, 17 in number, were stockholders of the People’s Bank & Trust Company, of which the defendants are the liquidators. Sixteen of the plaintiffs, with seven other stockholders, constituted the board of directors of said bank. The State Examiner of State Banks having found that the capital of the bank was impaired, the State Auditor of Public Accounts notified its officers that, unless said impair*747ment was made good, the bank would be closed. The regular way of remedying this impairment would have been by an assessment of the stockholders or else by a reduction of the…
2Cited by14 opinions
- Interstate Trust & Banking Co. v. IrwinSupreme Court of Louisiana · 1915
- Kennedy v. YoungSupreme Court of Louisiana · 1915
- Montgomery v. Chemical Nat. Bank of New YorkSupreme Court of Alabama · 1923
- In Re Estate of PruntySupreme Court of Iowa · 1926
- McQueen v. First National BankArizona Supreme Court · 1929
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