State ex rel. Spillman v. Monowi State Bank

This action grows out of the failure of the Monowi State Bank. Wenzl Diez presented 13 certificates of deposit, aggregating $54,891.89, and asked that they be allowed as preferred and adjudged payable from the depositors’ guaranty fund. Objections were made by the receiver, and on hearing-the trial court found for the claimant and allowed all the certificates of deposit, together with interest thereon at the rate of 5 per cent, per annum from their respective dates to March 6, 1925, the date on which judgment was entered. The receiver appeals.

It is contended by the receiver that claimant was…