Seaborn v. First Judicial District Court

Considering the legislative history as established by legislative action in this state, we submit it is clearly disclosed that by enacting the banking law of 1911 and the banking law of 1933 it was the intention of the legislature to place the liquidation of banks exclusively under the supervision of the state superintendent of banks, and the court was divested of any authority to interfere by or through the appointment of a receiver.

Statutes similar to the 1933 act have been enacted by other states, and the courts have held with unanimity that under these statutes the court may not appoint a…