From Casetext: Smarter Legal Research

In re Assessment Against Stockholders

Supreme Court of North Carolina
Jun 1, 1932
164 S.E. 923 (N.C. 1932)

Opinion

(Filed 29 June, 1932.)

APPEAL by stockholders, petitioners, from Grady, J., at December Term, 1931, of DUPLIN. Reversed.

Geo. R. Ward for Gurney P. Hood, Commissioner of Banks, ex rel. Bank of Rose Hill and Bank of Duplin.

Butler Butler for appealing stockholders.


The only exception and assignment of error on the part of the appealing stockholders, is to the judgment sustaining the demurrers and dismissing the stockholders' appeal and declaring the assessment on the stockholders valid. We think this is error and the judgment should be reversed. From the pleadings as they now appear of record, we think that all matters in controversy should be settled in this action and all the rights of the appealing stockholders heard and determined. Such amendments to the pleadings as are necessary to the complete determination of this action, should be allowed. As to the question of jurisdiction, see Corporation Commission v. Bank, 199 N.C. 586. The judgment below is

Reversed.


Summaries of

In re Assessment Against Stockholders

Supreme Court of North Carolina
Jun 1, 1932
164 S.E. 923 (N.C. 1932)
Case details for

In re Assessment Against Stockholders

Case Details

Full title:IN RE ASSESSMENT BY THE CORPORATION COMMISSION AGAINST THE STOCKHOLDERS OF…

Court:Supreme Court of North Carolina

Date published: Jun 1, 1932

Citations

164 S.E. 923 (N.C. 1932)
164 S.E. 923