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eBook details

• Title: Bushnell v. Leland
• Author : Supreme Court of the United States
• Release Date : January 04, 1897
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 51 KB

Description

MR. JUSTICE WHITE delivered the opinion of the court. The plaintiff in error being a stockholder in the State National Bank of Wichita, Kansas, was sued to enforce payment of the double liability imposed by law. The pleadings aver the existence of the legal prerequisites to the stockholder's liability, viz., the subscription by defendant to the stock, the due organization of and the authority conferred on the bank to engage in business, the suspension, the valid appointment of a receiver, and a ratable assessment made by the Comptroller on the stockholders in conformity to law. Revised Statutes, §§ 5151, 5234.

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