Ellis v. Central Trust Co. of Owensboro

Opinion of the Court by

Judge Rees

Affirming.

This suit had its inception in proceedings instituted for the reorganization of the Central Trust Company of Owensboro, Kentucky, which closed its doors on January 2, 1932. Elaborate plans of reorganization were devised and these plans were revised from time to time until August 9, 1945, when the Central Trust Company filed its petition for advice in the Daviess Circuit Court. It appeared from the petition that the liquidation of the affairs of the closed bank had proceeded to a point where all of its assets had been disposed of and the sum of…