First National Bank v. Walton

The plaintiffs, Seattle and Everett banks, separately, on the same day, commenced these actions in the superior court for Skagit county, seeking recovery from the defendant, Clear Lake Sales Corporation, upon certain promissory notes evidencing a separate indebtedness owing by it to each of the banks in an amount of approximately $43,000. The interveners, Walton and Moody, as receivers of the insolvent Clear Lake Lumber Company, by their separate complaints, intervened in each of the actions; being permitted to do so by orders of the court, upon the theory that the lumber company and the…