State Board of Bank Control v. Sease

In this suit, the State Board of Bank Control (which hereinafter will be referred to as the Board) is seeking an adjudication that it “has complete and exclusive jurisdiction, power, authority and responsibility in the liquidation of the financial institutions of this State enumerated in the Act of its creation as subject to its supervision,” and that the Courts of the State are without jurisdiction to appoint Receivers for such institutions.

Prior to the institution of this proceeding, Honorable T. S. Sease, Judge of the Seventh Judicial Circuit, granted an order in a proceeding pending…