Merc. Com. B. T. Co., Tr. v. Dept. Fin. Inst.

The Department of Financial Institutions of the State of Indiana was liquidating the Central Union Bank of Evansville, Indiana. In the process of that liquidation on November 24, 1933, the Mercantile Commerce Bank and Trust Company, and Thomas I. Glannon, as trustees for the note holders under the deed of trust of the Evansville Morris Plan Company and supplemental agreement of the Central Union Bank filed an intervening petition alleging that they were the holders in trust of certain first mortgage real estate notes executed by the predecessors in title of the Central Union Bank building,…