Farmers' Bank of White Plains v. Bass

Opinion op the Court by

Chief Justice Clay

Affirming’.

This action was brought by the Farmers’ Bank of White Plains, the state banking commissioner and his special deputy, to recover the sum of $3,000.00 on a bond of indemnity executed by Claude Bass and Ruth Bass. A demurrer having been sustained to the petition, the petition was dismissed. Plaintiffs have appealed.

It appears from the petition that the Farmers,’ Bank of White Plains, which is a banking corporation organized under the laws of the state of Kentucky, became insolvent, and on May 9, 1925, was placed in the hands of the state…