national bank stockholder assessment claim
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 299 U.S. 217 - Pufahl v. Parks' Estate · 1936Most cited · 278 citing opinions
The statute creates an unsecured and unpreferred claim against a decedent's estate. Where the assessment has been made in the decedent's lifetime an accrued and provable debt exists against his estate; if made after his death a claim against the funds and assets of the estate accrues as of the date of assessment.