COFFEY v. MYERS

No. 2234.

43 F.Supp. 651 (1940)

COFFEY v. MYERS.

District Court, E. D. Tennessee.

March 1, 1940.


Attorney(s) appearing for the Case

S. B. Strang, of Chattanooga, Tenn., for plaintiff.

Thomas S. Myers, of Chattanooga, Tenn., for defendants.


TAYLOR, District Judge.

This is a suit by the receiver of a national bank to enforce stockholder's liability created by Title 12, § 63, U.S.C.A. The defendant stockholder concedes liability under the provisions of the Act to the extent of the par value of her stock for valid outstanding debts of the corporation, but contends that the debts so-called creating the apparent necessity for the appointment of a receiver and for the making of the assessment were created...

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