Bates v. Farmers Loan & Trust Co. of Iowa City

In 1932 the Farmers Loan & Trust Company of Iowa City, Iowa, a banking concern, was, by the district court of Johnson County, Iowa, in a manner conformable to statute, placed in receivership with L. A. Andrew, the then superintendent of banking of the state of Iowa, as receiver. By proper order of court, B. S. Summerwill was named as examiner in charge. Such examiner qualified by giving bond and proceeded to administer said trust. Thereafter, D. W. Bates succeeded Andrew in office and was substituted as plaintiff and as receiver, Mr. Summerwill also being retained as examiner in charge of…