Nooksack Valley State Bank v. State Supervisor of Banking

Steinert, J.—

The Farmers & Merchants State Bank, of Nooksack, Washington, hereinafter spoken of as “the Farmers bank,” was closed as an insolvent bank on May 24, 1931, by O. S. Moody, the then supervisor of banking. Since that time, its affairs have been in the course of liquidation. The Nooksack Valley State Bank, hereinafter spoken of as “the Nooksack bank,” presented to the supervisor of banking, hereinafter spoken of as “the supervisor,” a preferred claim, in due form, for the sum of $1,920.69, against the Farmers bank, insolvent. The claim was rejected as a preferred claim, but was…