State Banking Board v. Winters State Bank

This is an appeal from a judgment of the district court of Travis county, establishing as valid the claim of the Winters State Bank against the depositors’ guaranty fund, adjudging said claim to be a trust fund in the hands of said board with preferential right of payment, and giving it priority over other claims. The facts are not controverted, and an agreed statement of same appears in the transcript. They are substantially as follows:

The Winters State Bank was first chartered on September 17, 1006, for a period of 15 years. On January 1, 1910, it came under the Depositors’ Guaranty Fund…