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WHEELER V. GREENE, 280 U. S. 49 (1929)

U.S. Supreme Court

Wheeler v. Greene, 280 U.S. 49 (1929)

Wheeler v. Greene

No. 39

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.

Page 280 U. S. 50

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