Vest v. Goode

Opinion of the Court by

Judge Knight

Affirming.

This appeal arises out of the failure of the Taylor National Bank of Oampbellsville, Ky., which was placed in the hands of a receiver on June 30, 1937, and which failure, we gather from this record and reports of other litigation arising therefrom, resulted from the financial manipulations and speculations of T. O. Morton, president and executive officer of that bank. He apparently exercised the corporate will of the bank in all matters and the acts of all other officers were merely perfunctory. He dominated the board of directors and the loan…