Campbell v. State Bank

Holt, Justice.

From a judgment of dismissal on the merits plaintiff appeals.

The action was to recover $1,44$. The facts found were, in short, that for many years prior to November, 1929, the Bank of Litcli- field liad existed, T. F. McClure being its president and active manager. At the time just mentioned the First Bank Stock Corporation assumed all the deposit liabilities of the Bank of Litch-field, and a $50,000 promissory note was executed by that bank to the First National Bank of Minneapolis, to secure which the Bank of Litchfield transferred and pledged all of its assets and collateral…