Central Bank v. Lowdermilk

From the stipulation of facts it appears the Central Bank of Willcox was, on Janu*575ary 10, 1921, by the state superintendent of bants, ordered closed, and that thereafter, on a hearing before the court, ordered into involuntary liquidation and the appellee appointed receiver of its property. It appears that at the time of the appointment of the receiver there was on deposit in the name of the state treasurer the sum of $22,500, belonging to the state, which sum had been placed therein during the year 1919; that on June 21, 1919, the Central Bank of Willcox executed to the state of Arizona its…