Smith v. Groesbeck

This action was instituted by the plaintiff to enforce the constitutional and statutory liability of defendant as owner of 20 shares of the capital stock of the Commercial & Savings Bank of Sioux Falls, S. D.; said bank having failed and having been taken in charge by the superintendent of banks, and its assets being insufficient to meet the claims of creditors by much more than the amount of all its capital stock. The complaint pleads everything necessary to' establish a good cause of action and demands judgment for $2,000.

To this complaint defendant interposed a lengthy and amended answer,…