Supreme Court of Vermont May 4, 1937 (O'connor, Receiver v. Vt. Peoples Nat. Bank)

Powers, C. J.

The plaintiff as receiver of the National Bank of Bellows Falls brings this suit to recover an assessment on twenty-one shares of the capital stock of that bank standing on its books in the name of the defendant on January 15, 1934, the day on which the Bellows Falls bank was declared insolvent. These shares of stock came into the defendant’s possession as security for a loan.