Little v. American State Bank

Alonzo R. Little alleged in his declaration that on January 13, 1931, the board of directors of the American State Bank of Dearborn adopted a resolution appointing him executive vice-president at an annual salary of $7,200; that on the 13th day of March, 1931, pursuant to the statutes of the State of Michigan and particularly 3 Comp. Laws 1929, §§ 11953, 11954, the bank, in order to effect a liquidation, turned over its assets to the Dearborn State Bank, which also assumed certain liabilities; and that he was discharged on April 15, 1931, notwithstanding his claim to the benefits of a…