Shaw v. Garner

Appellees brought this suit against appellants to cancel certain deeds of trust purporting to secure certain indebtedness claimed to be due the bank, evidenced by certain promissory notes, and to require James Shaw, the banking commissioner and statutory receiver of the Sinton State Bank and of the Odem State Bank, to divide the proceeds from the sale of the properties described in the deeds of trust ratably between the two banks.

It was alleged that the Odem State Bank and the Sinton State Bank each closed its doors on the 3d of October, 1931, and voluntarily turned said two banks over to the…