Show JUDGE JUnGE UPHOLDS 1 BANK DANK INVESTORS l Ruling Says Stockholders Ar Liable Only for Exact Amount of Insolvency Special to The HEBER CITY Feb A 8 t which means the thesta state sta ban J banking banog 1 a d ji must sufficiently allege the elt extent of ot insolvency of ot a bank its before it can cot lect stockholders' stockholders liability had b t given here today by Judge Ab Abnor Abe Abc Tur nor ncr of ot Fourth district court it Judge Turner after a n he hearing ring ber here Ii 7 sustained a demurrer to a a as s st suIt t fUjII e by John A. A Mali Malia l. l state bank f i against Sumner Hatch 1 Jd others alleging the Bank of ot HeW Heber t City is insolvent and it 1 is nee i to collect ct per cent stockholders stockholders' r liability The bank is operating und under und a con t to give this tiis s vi j banking banking- service ervice reorganization reorganization- u uThe is being planned The demurrer accompanied by i t motion to strike the allegations held beld to the allegations of ot insolvency Int were b l sufficient to meet statutory require monts ments and if they were held dent constitutional rights of ot the stockholders would be violated by taking their property without idu dui process of law Co Counsel for the defendants argued i an officer of the b banking ng department had stated 50 per cent of ot stockholders stockholders' j ers' ers liability would be enough t to make up the amount of ot insolvency t and that if such were th the w case th the department had no right to colle collect t l l- l per cent i Malia said an amended complaint ln would be filed i l 1 |