Hoffman v. Moeller

FULLER, C.

The Hutchinson 'County Bank of Parkston suspended operations on August 5, 1926. Within a few days thereafter the bank was reorganized according to the provisions of chapter 104, Laws 1925, by the agreement of a requisite number of depositors. At the time of the bank’s suspension, the appellant, F. W. Moeller, as guardian, had on deposit the sum of $1,234.19 for the benefit of John Hoffman, respondent, one of his wards. As guardian aforesaid, the appellant joined in the execution of the reorganization agreement. Consistent with the terms of that agreement and the bank reorganization…