Muckler v. Smith

Plaintiff, holding certificates of deposit issued by the failed Farmers’ State Bank of Unityville, aggregating the principal sum of $16,000, stating on their face that they *129bore interest at the rate of 5 per cent per annum, petitioned the circuit court of McCook county, where said! ¡bank was located, for the issuance of a writ of mandamus directing the defendant Smith, as superintendent of banks, to certify the claim of plaintiff based upon said certificates of deposit to the guaranty fund commission of the state of South Dakota as an unsecured deposit in said bank, and directing the…