Department of Banking v. Colburn

198 N.W.2d 69 (1972)

188 Neb. 500

DEPARTMENT OF BANKING of the State of Nebraska, as Receiver and Liquidating Agent of Nebraska State Bank of Valentine, Valentine, Nebraska, Insolvent, Appellee,

v.

Frank L. COLBURN, Appellant.

No. 38116.

Supreme Court of Nebraska.

May 26, 1972.

Michael V. Smith, Gordon, W. Gerald O'Kief, Valentine, for appellant.

Bernard B. Smith, Lexington, Milton C. Murphy, North Platte, for appellee.

Heard before WHITE, C. J., and SPENCER, BOSLAUGH, SMITH, McCOWN and CLINTON, JJ.

BOSLAUGH, Justice.

The Nebraska State Bank of Valentine, Nebraska, was closed on October 29, 1964, by the…