First State Bank of Paris v. Collier

The statement of the case sufficiently appears in the certified questions to the Supreme Court. Answer was made to certified question No. 6 because such question and the affirmative answer thereto were determined to be decisive of the suit. The answer to the question was based upon the conclusion reached by the court that the appellee and his assignors elected to pursue their claims as creditors of the bank as a bond security bank and not as a bank under the guaranty fund plan, and therefore their conduct amounted to an election on their part to choose the bond security plan whether the bank…