State v. Farmer's State Bank

On November 5, 1931, the Farmers’ State Bank of Mandan closed its doors, and later was placed in charge of Mr. Baird as receiver.

That afternoon the Farmers’ Union Livé Stock Marketing Association deposited in the bank six checks aggregating $2,195.09 — five drawn on banks in Fargo, North Dakota, and St. Paul, Minnesota, and one for $38.55 drawn on a bank in Mandan, presumably the First National Bank. The record assumes these checks were good and were paid in the due course of business. There is neither evidence nor suggestion to the contrary. Thereafter it made demand upon the receiver that a…