Michigan Supreme Court April 18, 1899 (Foster v. Row)

Long, J.

Complainant is receiver of the People’s Savings Bank. The defendants, it is claimed, are stockholders in that bank. This suit, by bill in equity, is brought to enforce the statutory liability of stockholders for the benefit of the depositors of the bank. The suit was commenced against all the resident stockholders, and a decree entered against them in the court below.