Brand v. Farmers Mut. Protective Ass'n

BLAIR, Justice.

Appellant, E. C. Brand, state banking commissioner, sued appellee the Farmers Mutual Protective Association of Texas for $2,500, alleged to have been withdrawn in cash by appellee from the Cameron State Bank on December 17, .1931, at a time when appellee knew that said bank was insolvent. In answer appellee denied withdrawal of any cash on said date, but alleged that on said date it made a loan of $2,500 to R. L. Batte, a stockholder of said bank, and gave him a check for that amount on its account in the bank; and that Batte obtained no cash on the check, but in the regular…