State ex rel. Davis v. Nebraska State Bank

Katie Vavra, in June, 1922, deposited $3,200 in the Nebraska State Bank of Milligan, Milligan, Nebraska. She received a certificate of deposit drawing interest at the rate of 5 per cent, per annum if left six months, and 5 per cent, per annum if left for 12 months. The bank failed and a receiver was appointed. A claim was filed by Mrs. Vavra, upon this certificate, for $3,200 with 5 per cent, interest to date of payment. The court found in favor of claimant for both principal and interest. The receiver has appealed.

The appellant states that he is now convinced that the allowance of the…