Smith v. Andrew

The defendant is the superintendent of banking, and as such is the receiver of the Farmers State Bank of Lake Mills, which went into receivership on December 25, 1927. ' The plaintiff was one of its stockholders, holding 15 shares of stock. On March 28, 1928, the defendant-receiver obtained a judgment against this plaintiff, predicated upon his double liability as stockholder, under Section 9251, Code, 1927. An execution having been issued under the judgment, and returned nulla bona, the defendant was proceeding to levy upon the plaintiff’s homestead. The plaintiff took by inheritance from…