Case Name: Lester J. Neikirk, Exr. et al. v. The Republic Banking Co. et al.
Court: Supreme Court of Ohio
Jurisdiction: Ohio
Decision Date: 1927-03-29
Citations: 5 Ohio Law Abs. 200
Docket Number: No. 19925
Parties: Lester J. Neikirk, Exr. et al. v. The Republic Banking Co. et al.
Judges: Day, Allen, Kinkade, Jones and Matthias, JJ., concur.
Reporter: The Ohio Law Abstract
Volume: 5
Pages: 200–200

Head Matter:
No. 19925
Lester J. Neikirk, Exr. et al. v. The Republic Banking Co. et al.

Opinion:
ROBINSON, J.
Where a bank, organized and incorporated under the laws of the state of Ohio, extends credit to a firm in violation of the provisions of Section 710-122, General Code, and by reason thereof suffers an impairment of its capital, and a state bank examiner requires the directors to restore such capital, and certain of the directors do restore such capital unconditionally, the bank as such is not entitled to a further recovery from any one else upon the items covered by such payment.
Judgment reversed and cause remanded.
Day, Allen, Kinkade, Jones and Matthias, JJ., concur.