Anders v. Kiser

The assets of an insolvent bank may be liquidated under the supervision of a board of trustees selected by the depositors and unsecured creditors of such bank. Chapter 57, Laws 1927, as amended by chapter 90, Laws of 1931. The board of trustees is authorized under the provisions of chapter 53, Laws 1933, to enforce the liability of stockholders in the bank. This statute reads as follows: “Whenever the assets of an insolvent bank are 'being liquidated by a Board of Trustees or 'Corporation, under the provisions of 'Chapter 57 of the Session Laws of 1927, as amended by 'Chapter 90 of the…