Wheeler v. Greene - 280 U.S. 49 (1929)
U.S. Supreme Court
Wheeler v. Greene, 280 U.S. 49 (1929)
Wheeler v. Greene
Argued October 22, 23, 1929
Decided November 4, 1929
280 U.S. 49
The Federal Farm Loan Board has no power to levy an assessment, nor may a receiver appointed by it maintain suit, for the enforcement of the stockholders' liability created by the Federal Farm Loan Act. P. 280 U. S. 52.
29 F.2d 468 reversed.
Certiorari, 279 U.S. 829, to review a judgment of the circuit court of appeals which reversed a decision of the district court sustaining a demurrer to a declaration in a suit brought against a stockholder of a Joint Stock Land Bank, by its receiver, to collect an assessment levied by the Federal Farm Loan Board.