Bru

This action is based on stockholder’s liability arising out of ownership of stock in the insolvent Yuma Valley Bank, a banking corporation organized and existing under and by virtue of the laws of the state of Arizona. Howard H. Bru, the defendant stockholder, appealed from a judgment entered against him in the District Court for the amount of an assessment levied on 400 shares of stock of the Yuma Valley Bank, assertedly owned by him. Mary E. Bru, as special administratrix of the estate of said Howard H. Bru, has since been substituted as the appellant herein.

The complaint alleges that the Yuma Valley Bank became insolvent on and before June 20, 1930; that plaintiff, James B. Button (appellee’s predecessor in office), superintendent of banks of the state of Arizona and receiver of said Yuma Valley Bank, proceeded to liquidate the assets of said bank for the benefit of the creditors thereof, and levied a 100 per cent, assessment on the capital stock of said bank; that on June 20, 1930, defendant, Howard H. Bru, was the owner of 400 shares of the capital stock of said bank, of the par value of $25 per share, represented by stock certificate No. 6; that said 400 shares of stock…