Iglehart v. Todd

The appellants are receivers, appointed by the probate court of Marion County, of The J. F. Wild & Co., a bank incorporated under the laws of the State of Indiana (hereinafter referred to as “the bank” or “the Wild bank”). Among the assets of the bank coming into the hands of the receivers were three promissory notes, payable to the order of the bank, one for $25,000 executed by Robert I. Todd, one for $25,000 executed by John J. Appel, and one for $50,000 executed by Frank M. Millikan. These three actions were brought by Todd, Appel and Millikan against the receivers, each alleging that his…