Article Text
at that date could thus be held liable for the debts of the defunct bank. It was further held that the judgment obtained heretofore by creditors against the old Bank of Americus was not a good judgment against the stockholders, but that the creditors in this suit must set forth fully their claim just as though it had never been sued. The effect of this is that as the suit against the stockholders was not filed until ten years after the receivership of the old bank nearly all the claims are barred. If this ruling is held good by the supreme court there will be very few debts in date for which any stockholders could be held liable. The case is the most important heard in Sumter county for years, for a large sum, possibly a hundred thousand dollars, was involved. The defendants, stockholders of the past twenty years, are scattered throughout the United States though, principally residents of Georgia.