State Ex Rel. Gibson v. American Bonding & Casualty Co.

The facts in this case are much involved, al though not much in dispute. It is likely that the battleground of the contestants will at the beginning be best understood if a chronological history is given.

On Jnly 15, 1920, two suits were brought in the State Court of Nebraska by the American State Bank of Nebraska, located at Omaha, against M. F. Shafer & Company and Marion F. Shafer, to recover moneys loaned by the bank to these parties. It appears all the money was loaned for the benefit of the Company.

On November 3, 1920, a judgment was secured by said bank against Shafer & Company for…