Kiggins v. Munday

Citations

• 19 Wash. 233
• 52 P. 855
• 1898 Wash. LEXIS 354

Syllabus

<p>BANKS AND BANKING — LIABILITY OF STOCKHOLDERS.</p> <p>When a corporation, which is authorized under the laws of this state to engage in banking and also in other distinct lines of corporate business, becomes insolvent, corporate assets, realized from the collection from stockholders of sums due under their statutory liability as shareholders in a banking corporation, should 'be applied in satisfaction of claims against the corporation arising out of its transaction of banking business, to the exclusion of other creditors.</p>