Producers Investment Co. v. Colvert

This cause is presented on appeal from the district court of Carter county by Producers Investment Company, plaintiff in error. It involves a controversy between creditors, growing out of the liquidation of the American Bank & Trust Company of Ardmore, a state bank, that was taken over by the State Bank Commissioner in May of 1933.

Most of the depositors and other creditors filed claims at an early date in the history of the bank’s liquidation. The defendant in error, W. L. Colvert, who was the owner of a cashier’s check for $470 issued by the bank while it was a going institution, did not…