Hagen v. First State Bank

Action to recover money deposited by the plaintiff with the defendant bank. There were findings for the plaintiff for $1,079.17 and interest, upon which judgment was entered, from which the plaintiff appeals, claiming that the judgment in his favor should have been substantially twice that amount.

By L. 1925, p. 37, c. 38, effective March 3, 1925, provision is made for the reorganization of insolvent state banks, and among other things the statute requires the consent of a certain.percentage of the depositors. This provision has no application to nonconsenting depositors whose deposits were…