Menno State Bank v. Security Bank

This action is brought by the Menno State Bank to recover upon two certificates of deposit alleged to have been issued to plaintiff by the -Security Bank of Tyndall. The Security Bank is insolvent and in the hands of the superintendent of banks for liquidation. Defendant F. R. Smith is the superintendent *224of ¡banks. All facts were stipulated and' found by the court as stipulated.

Both banks are corporations. At all times material to the issues involved Geo. E. Pfeifle was the cashier and managing officer of the Security Bank, defendant. Under date of November 25, 1924, said Pfeifle issued to…