Salt Lake Tribune | 1919-08-29 | Page 20 | Bank Cases Await Decision of Court

BANK CASES AWAIT , DECISION OF COURT "Without argument, twenty-three cases, suits instituted by Stephen H. Lynch, as receiver of the Merchants bank, to recover re-cover from stockholders of that institution, institu-tion, were submitted yesterday to Judge P. C. Kvans of the Third district court and taken under advisement until such time as the supreme court shall have decided de-cided a pending case identical with those submitted. The case now before the supreme court originated in Richfield, in the Sixth judicial judi-cial district. In the Sixth district court the demurrer of the defendant, on the ground that the law authorizing a receiver re-ceiver to sue under a stockholder's liability lia-bility is not constitutional, was sustained, sus-tained, whereupon an appeal was taken by the plaintiff.