Thompson v. Shellman Banking Co.

This was a suit in equity, brought by a banking company through tho superintendent of banks having the bank in charge as an insolvent institution, to cancel a purported security deed made by the former president of the bank to the former cashier. The petition averred that the purpose of the deed was to defeat an assessment made by the superintendent against the grantor as a stockholder, and alleged that the deed was void because (1) it was executed without consideration and at a time when the grantor was insolvent, and (2) it was made to hinder, delay, and defraud the plaintiff as a creditor,…