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The ease of 8mrly» Rooolvor, T . Rlohardson, 280 U«S # 49$> did not involve a holding ooapany. Instead* it involTed the liability of a feroem on national bank stock whieh ho in good faith had transferred to his children as a gift, the court holding that ho liable since the children were without legal capaolty to assuae the obligation and the transfer having resulted to their disadvantage would bo avoided for them by the Urn*
