Hood ex rel. Citizens Bank of Farmville v. Darden
206 N.C. 566
This text of 206 N.C. 566 (Hood ex rel. Citizens Bank of Farmville v. Darden) is published on Counsel Stack Legal Research, covering Supreme Court of North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Hood ex rel. Citizens Bank of Farmville v. Darden, 206 N.C. 566 (N.C. 1934).
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.
Free access — add to your briefcase to read the full text and ask questions with AI
Related
Corporation Commission v. Farmers & Merchants Bank of Henderson
135 S.E. 48 (Supreme Court of North Carolina, 1926)
Cite This Page — Counsel Stack
Bluebook (online)
206 N.C. 566, Counsel Stack Legal Research, https://law.counselstack.com/opinion/hood-ex-rel-citizens-bank-of-farmville-v-darden-nc-1934.