Hack, Rec. v. Jobes

The Marion Circuit Court, in an action by State of Indiana, on the relation of its Bank Commissioner against the Washington Bank and Trust Company, adjudged the bank insolvent and not competent to continue business, and appointed a receiver to liquidate the assets and finally adjust the affairs thereof. Appellant Oren S. Hack is the qualified receiver of the bank.

By leave of court appellee Norman E. Jobes filed an intervening petition against the receiver of the bank and therein alleged in substance that the bank was organized for and engaged in business, as a bank and trust company, pursuant…