State ex rel. Hadley v. Bankers Trust Co.

— In October, 1907, an action was instituted in tbe circuit court of Jackson county by tbe State of Missouri at tbe relation of its attorney-general against-tbe Bankers Trust Company, a corporation organized under tbe laws of Missouri, relating to trust companies. Tbe company bad become insolvent and tbe purpose of tbe action was to wind up its affairs for tbe benefit of its creditors and stockholders. Shortly after tbe petition was filed tbe circuit court appointed a receiver who took charge of tbe assets and administered them under tbe direction of tbe court. After they were sold and tbe…