Button v. Wakelin

This suit is over the assets of the Citizens State Bank, an insolvent, and is between the state superintendent of hanks, ex-officio receiver, and E. S. Wakelin, mortgagee.

The bank was taken over by the superintendent for liquidation on July 31, 1930, and among its assets were' a number of past-due notes and acceptances of the Farmers Grinning Company, hereafter referred to as ginning company. Thereafter the superintendent instituted several collection suits against the ginning company, which, in due course, were reduced to judgments under which executions were issued and levied upon the…