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COFFIN BROTHERS v. BENNETT

No. 465.

277 U.S. 29 (1928)

48 S.Ct. 422

72 L.Ed. 768

COFFIN BROTHERS & COMPANY ET AL. v. BENNETT.

Supreme Court of United States.

Decided April 30, 1928.

Attorney(s) appearing for the Case

Messrs. G.Y. Harrell and R.S. Wimberly submitted for plaintiffs in error.

Mr. Orville A. Park, with whom Mr. Carl N. Davie was on the brief, for defendant in error.

MR. JUSTICE HOLMES delivered the opinion of the Court.

In July, 1926, the Richland State Bank, organized under the laws of the State of Georgia, closed its doors and turned its affairs over to the defendant in error, the Superintendent of Banks for the State. In the following September the Superintendent issued a notice to each of the plaintiffs in error that an assessment of 100 per centum on the par value of his stock was levied, as necessary to pay the depositors...

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