Bramel v. Manring

Citations

• 18 Wash. 421
• 51 P. 1050
• 1898 Wash. LEXIS 570

Syllabus

<p>TAXATION — DEDUCTION OF DEBTS' FROM CREDITS — BANK STOCK — DISSOLUTION OF BANK—DISTRAINT FROM TAXES.</p> <p>■ A stockholder in a state bank has a right to have his share of the. capital stock included in the sum of his credits from which his debts may be deducted in making up his assessment for taxation.</p> <p>The dissolution of a banking corporation by order of -court would not operate as a discharge from liability for taxes assessed against its capital stock, which had become a fixed and primary lien prior to dissolution.</p> <p>The liability of a dissolved banking corporation for unpaid taxes may be enforced by the county treasurer by distraint and levy upon property in the hands of trustees for the stockholders and creditors of such corporation, and the treasurer is not relegated to suit to enforce same.</p>