State Ex Rel. v. Farmers State Bank

This is an appeal from the action of the chancellor upon demurrers to the petitions of creditors and stockholders of the Farmers State Bank.

The Farmers State Bank was taken over as an insolvent institution by H. L. Grigsby, Superintendent of Banks, pursuant to section 9, chapter 20, Acts of 1913. The bank was adjudged insolvent by the chancery court and the superintendent of banks was appointed receiver in conformity with provisions of the Act, and the superintendent of banks in turn appointed a liquidating agent, as authorized by the Act.

Subsequently petitions were filed by creditors and…