Farmers State Bank v. Mewherter

This action involves the question of whether the owner of a certificate of deposit issued by a state bank can have the same allowed as a preferred claim out of the assets of said bánk after said bank has failed and is in the hands of the State Bank Commissioner for liquidation.

It appears that plaintiff received a certificate of deposit on November 1, 1930, in the amount of $2,000, issued by the Farmers State Bank of Marshall, Okla.; that on December 1, 1930, plaintiff indorsed and delivered the same to J. C. Todd of Enid, Okla., in settlement of a personal transaction between her and said…