Hood ex rel. Citizens Bank of Farmville v. Darden
Hood ex rel. Citizens Bank of Farmville v. Darden
206 N.C. 566
Hood ex rel. Citizens Bank of Farmville v. Darden
Opinion of the Court
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.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.