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ADAIR v. REORGANIZATION INV. CO.

No. 11974.

125 F.2d 901 (1942)

ADAIR v. REORGANIZATION INV. CO.

Circuit Court of Appeals, Eighth Circuit.

February 24, 1942.

Attorney(s) appearing for the Case

Ruby M. Hulen, of St. Louis, Mo. (Arthur J. Freund, of St. Louis, Mo., and Mr. A. D. Sappington, of Columbia, Mo., on the brief), for appellant.

Ethan A. H. Shepley, of St. Louis, Mo. (Harold L. Harvey, of Marshall, Mo., on the brief), for appellee.

Before THOMAS and JOHNSEN; Circuit Judges, and REEVES, District Judge.

THOMAS, Circuit Judge.

This is a suit by the receiver of the Grand National Bank of St. Louis, Missouri, to recover from the alleged beneficial owner of 2,476 shares of stock a 100% assessment. There was a judgment for the defendant and the receiver appeals.

The Grand National Bank of St. Louis was a national banking association organized under the banking laws of the United States. It failed on March 3, 1933, and was thereafter taken over by the Comptroller...

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