State ex rel. Godard v. State Bank of Circleville

The opinion of the court was delivered by

Burch, J.:

In an action brought by the state for that purpose John D. Myers was appointed receiver to close up the affairs of the State Bank of Circleville. The National Bank of Commerce of Kansas City, Missouri, held certain assets of the defunct bank as collateral security. These assets, consisting of promissory notes, were turned over to Myers personally by the National Bank of Commerce, to be collected by him as its agent. Out of collections which he made he paid a note of $1600, for which the collateral paper had been held. Thereafter Myers…