Hon v. State Commercial & Savings Bank

LINDLEY, District Judge.

From plaintiff’s bill it appears that, upon suit instituted in 1920, plaintiff, in 1928, procured judgment against State Commercial & Savings Bank; that in 1924 action was begun in the state court to dissolve said bank; that during said proceedings defendant, by permission of the state court, purchased the assets of the *908bank, and in payment therefor assumed the latter’s liabilities; that on January 6, 1925, said sale was completed and dissolution decreed; that no notice of such proceedings was given to creditors; that all the assets of the bank were conveyed and…