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DALBY v. KALAHAR

No. 7857.

106 F.2d 539 (1939)

DALBY et al. v. KALAHAR.

Circuit Court of Appeals, Sixth Circuit.

September 18, 1939.

Attorney(s) appearing for the Case

Howell Van Auken, of Detroit, Mich., and John T. Lungerhausen, of Mt. Clemens, Mich. (Lungerhausen, Weeks, Lungerhausen & French, of Mt. Clemens, Mich., and Lucking, Van Auken & Sprague, of Detroit, Mich., on the brief), for appellants.

Bert V. Nunneley, of Mt. Clemens, Mich. (Christian F. Matthews, of Mt. Clemens, Mich., on the brief), for appellee.

Before HICKS, HAMILTON, and ARANT, Circuit Judges.

ARANT, Circuit Judge.

Appellants were assessed as owners of stock in the Citizens Savings Bank of Mt. Clemens, Michigan. They claim that they held the stock merely as trustees and, in consequence, that they are exempt from liability under Sec. 11945, 3 Mich. Compiled Laws for 1929, Mich.Stat.Ann., Vol. 17, Sec. 23.52.

Appellant Hiram J. McGill was president of the Citizens Savings Bank, and appellants Spencer Dalby and Arch Richards were directors. Robert...

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