Second National Bank of New Hampton v. Millbrandt

A rather extended prefatory statement of the record is essential to a concise and orderly presentation and discussion of the questions involved on this appeal. Appellants are the assignees for the benefit of creditors of S. R. Ure & Company, a copartnership composed of S. R. Ure and W. G. Shaffer, who owned and operated the Farmers & Merchants Bank of Riceville. The affairs of the copartnership and of the bank were under the immediate management and control of Ure. Shaffer, prior to May 3, 1926, was the cashier of the appellee Second National Bank of New Hampton. On various dates prior to the…