Roundup School District No. 11 of Mellette County v. Agricultural Credit Corp.

By this appeal the plaintiff challenges the propriety of an order of the circuit court denying plaintiff, a creditor of a defunct state bank, the right to institute or maintain a suit on 'behalf of itself and other creditors of said bank to enforce a claim against the defendant, the Agricultural Credit Corporation, which suit the defendant, the Superintendent of Banks, had refused to> bring. For convenience we refer to the Miurdo State Bank as “the Bank,” and to the defendant, the Agricultural Credit Corporation, as “the Corporation.”

From a showing made to the court it appears that in 1924,…