Spooner v. Blair

The Grinnell Savings Bank was a banking corporation engaged in business at Grinnell until "January 20, 1925, when the institution was closed because of insolvency, and tbe state banking superintendent became receiver thereof, as provided by statute. Under order of court, entered January 29, 1925, April 1st thereafter was fixed as the maximum date during which creditors could file claims against the bank.

Negotiations were carried on by the creditors for the termination of the receivership, as contemplated by the 1927 Code in Sections 9239-al, 9239-a3, 9239-a4, and 9239-a5, respectively, which…