Farm Mortgage Trust Co. v. Wilson

The opinion of the court was delivered by

Johnston, C. J.:

The Farm Mortgage Trust Company, which makes deposits in other banking and trust institutions, brought this action to compel the bank commissioner to issue to it a certificate payable out of the bank guaranty fund of $10,000, the amount which it had placed in the Kansas State Bank which subsequently became insolvent. The Kansas State Bank was operated under the bank guaranty law, and the plaintiff claims that the amount whichJ it placed in that bank was a deposit within the meaning of that law and is eligible to guaranty under its…