Dorman v. Baumlisberger

Opinion of the Court by

Stanley, Commissioner.

—Affirming.

The Jefferson County Bank on September 24, 1931,. was placed in the hands of the banking commissioner for liquidation. Soon thereafter a group representing-85 per cent, in amount of the deposits formed a reorganization committee and proposed a plan for reopening the bank. The commissioner refused to approve the-plan, and the committee brought suit in the Franklin circuit court to compel him to do so or advise them, what he required in order to place the bank in a position to reopen. Some of the depositors, who did not desire a…