Supreme Court of South Carolina May 3, 1932, 13399 (Freeman v. Holliday)

The opinion of the Court was delivered by

Mr. Justice Stabler.

Under the authority of an Act passed in 1920 (36 St. at Large, p. 199), this action was brought by the plaintiff, as receiver of the Bank of Aynor, a closed banking institution, for the purpose of collecting from the defendant his statutory liability as a stockholder.