Board of Bank Examiners v. Grenada Bank

Citations

• 135 Miss. 242
• 99 So. 903
• 1924 Miss. LEXIS 38

Syllabus

<p>Banks and Banking. Executors and administrators. Law providing for double liability of stoclcholder construed.</p> <p>Under section 3619, Hemingway’s Code, the double liability of a stockholder accrues and is fixed at the full amount of his stock when the bank is put in course of liquidation and it is reasonably apparent that the assets of the bank will not be sufficient to pay the depositors; and such claim against the estate of a deceased stockholder is barred, under section 2107, Code of 1906, and amendment (Hemingway’s Code, section 1775), unless probated, where stockholder dies after liability accrues.</p>