Martin v. Citizens Bank

The opinion of the court was delivered by

Harvey, J.:

This is a proceeding for a declaratory judgment. From the record it appears that the plaintiff, Nicholas Martin, is the owner of 100 shares of the capital stock of the Citizens Bank of Hutchinson, a banking corporation organized under the laws of this state, having a capital stock of $200,000 and a surplus of $100,000; that on January 25, 1932, by order of its board of directors, the bank suspended business, and so notified th.e state bank commissioner, who placed a deputy bank commissioner in charge of the business of the bank for the…