Case Name: AUSTIN, Com'r of Insurance and Banking, v. KELLY et al.
Court: Texas Courts of Civil Appeals
Jurisdiction: Texas
Decision Date: 1919-02-28
Citations: 210 S.W. 282
Docket Number: No. 2043
Parties: AUSTIN, Com’r of Insurance and Banking, v. KELLY et al.
Judges: 
Reporter: South Western Reporter
Volume: 210
Pages: 282–282

Head Matter:
AUSTIN, Com’r of Insurance and Banking, v. KELLY et al.
(No. 2043.)
(Court of Civil Appeals of Texas. Texarkana.
Feb. 28, 1919.
On Motion for Rehearing, March 20, 1919.)
Appeal from District Court, Gregg County; Daniel Walker, Judge.
Suit by Charles O. Austin, Commissioner of Insurance and Banking, against R. M. Kelly and another. Erom that part of the judgment denying recovery against defendant named, plaintiff appeals.
Reversed and rendered.
E. H. Prendergast, of Marshall, and Edwin Bacy, of Longview, for appellant.
Marsh & Mcllwaine, of Tyler, and F. J. Mc-Cord and Young & Stinchcomb, all of Longview, for appellees.

Opinion:
HODGES, J.
Chas. O. Austin, as commissioner of insurance and banking, filed this suit in the district court of Gregg county on June 29, 1917, against G. A. Bodenheim, a stockholder in the People's State Bank of Longview, and R. M. Kelly, a former stockholder, seeking to recover the sum of $1,000, the face value of their stock. The proof showed that Keljy owned stock of the par value of $1,000 on the 8th day of December, 1915, and on that date transferred it to G. A. Bodenheim. On the 18th day of August, 1916, the bank became insolvent and its affairs were placed in the hands of the commissioner of insurance and banking. In a trial before the court a judgment was rendered in favor of the commissioner against Bodenheim for the full amount sued for, but he was denied a recovery against Kelly. The court filed his findings of fact and conclusions of law, which are the same as will be found set out in the opinion this day rendered in Austin v. T. D. Campbell et al., 210 S. W. 277.
For the reasons stated in that opinion, the judgment in favor of Kelly will be reversed, and judgment here rendered against him for the full amount sued for, together with interest and .costs.