Sweeny v. Jefferson County Bank's Reorganization Committee

Opinion of the Court by

Hobson, Commissioner

Reversing.

On September 24, 1931, the Jefferson County Bank of Jeffersontown, Ky., closed its doors and placed its affairs in the hands of the hanking commissioner. A little later a committee for reorganization was appointed, who got np a plan of reorganization and applied to the banking commissioner to indorse.the plan. This he declined to do, and on October 20, 1932, this suit was filed in the Franklin circuit court'under'the Act of 1932, c. 19, by the reorganization committee against the commissioner to compel him to indorse the plan or advise them…