Smith v. Breer
South Dakota Supreme Court
1Opinion of the CourtPolley, J.
The plaintiff in these cases is the superintendent of banks. The defendants McDonald, Morris, Baker, Woodard, and Plelgerson are directors and officers of the Western State Bank at Mt. Vernon. Said bank became insolvent, and was taken over by the superintendent of banks, who brought these actions under the provisions of section 8990, Rev. Code 1919, against said defendants as officers and directors of said bank to recover against them for the making of excess loans. The trial court overruled a demurrer to the complaints, and defendant Baker appeals.
It is conceded that, if the notes set out in…
2Cases cited1 opinion
- Farmers State Bank v. YoungersSouth Dakota Supreme Court · 1924