Farmers Deposit Bank v. State Ex Rel. Symons

On February 19, 1929, the State of Indiana, on relation of Luther F. Symons, bank commissioner. commenced this suit in the Blackford Circuit Court for the appointment of a receiver for appellant, the Farmers Deposit Bank, on the ground that, from an examination into the condition of the bank, he “finds same to be in an insolvent and failing condition” or “is probably in an insolvent and failing condition.” Summons was issued returnable March 2, 1929. On March 1, 1929, the bank entered its appearance, filed an answer in general denial, also its verified motion and application for a change of…