Farmers' State Bank & Trust Co. v. Gorman Home Refinery

This action was originally brought by the Farmers' State Bank Trust Company against the Gorman Home Refinery, hereinafter designated as the refinery. The third amended original petition upon which the case was tried names said bank and J. L. Chapman, commissioner of insurance and banking, "in charge of the affairs of said bank in course of liquidation," as plaintiffs, the Gorman Home Refinery and numerous individuals, as defendants.

Briefly stated, the amended petition avers the following facts:

The refinery is a joint-stock company or association, J. M. Thomas and Jay F. Smith being its…