Moultrie Banking Co. v. Mobley

Coleman, as receiver of the Bank of Doerun, filed his petition against the Moultrie Banking Company, in which he made these allegations: About October 1, 1926, the Bank of Doerun ivas taken in charge by the superintendent of banks, it being at that time, and having been for six months prior thereto, wholly insolvent. On January 1, 1927, a pretended sale of the bank’s assets was made by the superintendent of banks to certain trustees. A petition was brought to vacate said sale and to appoint a receiver for said assets. The superintendent of banks was made a party to said proceeding, and was…