Hood ex rel. Citizens Bank of Farmville v. Darden
206 N.C. 566
Opinion
The liability of stockholders of insolvent banks is prescribed by C. S., 219(a). It has been held that this liability is contractual. Corp. Com. v. Bank, 192 N. C., 366. The statute creates no preference for such a liability and none results from the application of the pertinent principles of equity. Therefore, the judge ruled correctly.
Affirmed.
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Hood ex rel. Citizens Bank of Farmville v. Darden, 206 N.C. 566 (N.C. 1934).
206 N.C. 566 (Hood ex rel. Citizens Bank of Farmville v. Darden) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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Corporation Commission v. Farmers & Merchants Bank of Henderson
135 S.E. 48 (Supreme Court of North Carolina, 1926)