Ralls County v. Commissioner of Finance

Action by Ralls County to establish .a preferred claim against .the Farmers and Merchants Bank of Center, Missouri. The Commissioner of Finance in charge of''the .liquidation of; the bank allowed the claim in the sum of $24,500' as a common claim. • The circuit'court denied a preference: and.claimant appealed. . '

•The cause.was tried on the following agreed,statement of facts:

“It is agreed that Farmers & Merchants Bank of Center, Missouri, prior to the -10th of August, 1931, was a banking corporation engaged in general banking business at Center, Missouri, and that on said 10th day of August,…