Chaffin v. Starley

WOLFE, Justice.

This case comes to the writer on reassignment. The Depositors’ Committee of the defunct Provo Commercial & Savings Bank appeals from an order approving a compromise offer of certain debtors of the bank. The Bank Commissioner recommended approval of the offer and joined the application for approval filed May 21st, 1936. Orders overruling protestants’ (Depositors’ Committee) demurrers and approving the offer of compromise are assigned as errors.

The Provo Commercial & Savings Bank failed to reopen at the end of the national banking holiday proclaimed on March, 1933. The State…