MacPHERSON v. SCHRAM

No. 9354.

112 F.2d 674 (1940)

MacPHERSON v. SCHRAM.

Circuit Court of Appeals, Fifth Circuit.

June 18, 1940.


Attorney(s) appearing for the Case

J. V. Walton, of Palatka, Fla., for appellant.

J. Turner Butler, of Jacksonville, Fla., and Robert S. Marx, of Detroit, Mich., for appellee.

Before SIBLEY, HOLMES, and McCORD, Circuit Judges.


McCORD, Circuit Judge.

C. Rust MacPherson has appealed from a judgment holding him liable for his proportionate share of a statutory assessment levied under 12 U.S.C. § 64, 12 U.S.C.A. § 64, against the stockholders of First National Bank — Detroit, a national banking association.

When the First National Bank — Detroit closed, MacPherson was the owner of 613 shares of the capital stock of Detroit Bankers Company, a holding company,...

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