Baird v. Kensal Light & Power Co.

This is an appeal from an order granting a new trial. On November 16, 1928, the Farmers and Merchants Bank of Kensal, North Dakota being insolvent, L. B. Baird was appointed as receiver. At that time the Kensal Light & Power Company of Kensal, North Dakota had on deposit in the closed bank the sum of $3116.50. A claim for it was duly filed with the receiver of said bank and a certificate of indebtedness was duly issued therefor by the receiver. In the assets of the closed bank were seventeen shares of stock in the Kensal Light & Power Company of Kensal, North Dakota. On the 26th day of April,…