In Re Hibernia Bank & Trust Co.

ROGERS, Justice.

Wilfred J. Begnaud, State Bank Commissioner, through his' special agents, R. N. Sims and J. Edward McGuire, liquidators, who are in charge of liquidating the affairs of the Hibernia Bank & Trust Company, acting under Section 1 of Act 300 of 1910, petitioned the Civil District Court for an order authorizing the Commissioner to compromise a claim against certain directors of the defunct bank. Petitioners annexed to their petition a copy of the proposed compromise agreement.

As shown by the allegations of the petition and the attached agreement, the claim sought to be compromised…