Union Savings Bank of San Jose v. Dunlap

CHIPMAN, C.

Judgment for plaintiff on a general demurrer to the complaint, from which defendant appeals. By appropriate proceedings, under the Banking Act of 1895 (Stats. 1895, p. 175), plaintiff was, on March 13, 1899, adjudged to be insolvent, and the court directed that the plaintiff corporation and all its assets be turned over by the bank com missioners, who then, held possession of them under said act, to the directors of the corporation, for the purpose of closing the affairs of plaintiff and liquidating its indebtedness, and it was alleged in the complaint that the said board of…