Ball v. Tipton

Opinion op the Court by

Creal, Commissioner—

Reversing.

N. J. Tipton instituted this action in the Rockcastle circuit court against A. G-. Ball, the Peoples Bank of Mount Vernon, and A. M. Hiatt, special deputy banking commissioner of Kentucky, and by his petition filed on the 11th day of August, 1930, as thereafter twice amended, alleged in substance the following facts:

On April 23, 1930, the Peoples Bank of Mount Vernon closed and was placed in the hands of the state banking commissioner. A. M. Hiatt, as special deputy banking commissioner, was placed in charge of its business and affairs. At…