Groves v. Farmers State Bank

This appeal is prosecuted from an order of the circuit court of Jefferson county of July 22, 1937, denying motions of thirty-four stockholders and eight depositors for leave to intervene in a stockholders’ liability suit instituted on June 15, 1932, and a motion of the closed bank and its receiver to set aside orders entered on May 21, 1935, and June 10, 1936, respectively. The propriety of the order assailed requires a review of the previous proceedings.

On October 4, 1930, a State bank, the Farmers State Bank of Woodlawn, and a national bank, the First National Bank of Woodlawn, entered into…