National Surety Co. v. Byrd

This appeal is prosecuted by appellant company from a decree holding it liable as a surety on a receiver’s bond for the payment of certain money collected by the receiver and deposited in the Bank of Smackover, which failed, resulting’ in the loss of the amount deposited.

The original action was commenced by one partner against the other partners'to wind up the affairs of the partnership, and Homer T. Rogers was appointed receiver to take charge of the assets, and gave bond in due course, with the appellant company as surety. The bond was conditioned in the terms of the statute, “that he will…