LeRoy State Bank v. J. Keenan's Bank

The LeRoy State Bank recovered a judgment in an action of assumpsit in the circuit court of McLean county against L. C. Keenan and others for $75,120.91, which the Appellate Court affirmed, and upon the petition of the defendants a writ of certiorari was awarded for the purpose of reviewing the record.

The lawsuit and the agreement on which it was based had their origin in the failure, early in January, 1924, of J. Keenan’s Bank, a banking corporation organized under the laws of the State of Illinois, doing business in the city of LeRoy. On January 9 the Auditor of Public Accounts having been…