Hart v. First State Bank of Seminole

PELPHREY, O. J.

Prior to August, 1926, the First State Bank, Seminole, Tex., was a corporation organized arid existing under the laws of Texas, with its principal office and place of business at Seminole, Gaines county, Tex. It ceased to exist in August, 1926, by the expiration of the time limit fixed in its charter. The officers of the bank were unaware of the time of said expiration, but believed its existence continued until 1927. Upon making application to renew the charter of said bank, they were advised that the corporation had ceased to exist, and, upon advice of the banking…