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VANN v. ALMOURS SECURITIES

No. 8732.

96 F.2d 214 (1938)

VANN v. ALMOURS SECURITIES, Inc.

Circuit Court of Appeals, Fifth Circuit.

April 25, 1938.

Attorney(s) appearing for the Case

K. I. McKay, of Tampa, Fla., for appellant.

Henry P. Adair and John M. McNatt, both of Jacksonville, Fla., for appellee.

Before SIBLEY, HUTCHESON, and HOLMES, Circuit Judges.

HUTCHESON, Circuit Judge.

The suit was brought under section 64, c. 2, title 12, U.S.C.A.1 to enforce a 100 per cent. assessment made by the Comptroller of the Currency on the capital stock of the bank, payable May 14, 1931. The claim was that though the defendant had on August 28, 1930, more than sixty days before the bank failed, made a sale of its stock, this sale was ineffective to extinguish its liability, because made with knowledge...

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