Ronchetto v. State Bank of Bevier

This action was instituted to establish a priority demand against the assets of the State Bank of Bevier in the hands of the commissioner of finance for liquidation. The recovery is sought on the ground of fraud and that of a trust ex maleficio arising from the circumstances under which plaintiffs made a deposit of $1000 in said bank. It is alleged that plaintiffs made said deposit on February 1, 1930; that the bank was then and had been conducting a general banking business and was open for the purpose of receiving deposits of money and the transaction of other business; that plaintiffs in…