Nelson v. John B. Colegrove & Co. State Bank

The Auditor, of Public Accounts closed the John B. Colegrove & Co. State Bank of Taylorville on October 10, 1929, and shortly thereafter placed a receiver in charge of the bank. On November 13, 1929, the Auditor filed a bill of complaint in the circuit court of Christian county charging the insolvency of the bank and praying for its dissolution and the settlement of its affairs. Charles H. Shamel filed a petition in the proceeding for the return of certain bonds pledged as security for a deposit of money made by the State Treasurer and, in case the particular bonds could not be returned, that…