Van Alstine v. Gilmore Exchange Bank

A copartnership consisting of H. S. Van Alstine and L. II. Van Alstine was engaged in the banking and mercantile business and other enterprises and owned and operated the Gilmore Exchange Bank in Gilmore, Iowa.

In 1931, H. S. Van Alstine brought an action to dissolve the partnership and for the appointment of a receiver. On October 12, 1931, a decree was entered dissolving the partnership and appointing Benjamin Abben receiver. Among the assets belonging to the partnership that came into the possession of the receiver were 10 shares of stock in the Humboldt Trust & Savings Bank and 10 shares…