Banking Commission v. National Surety Corp.

Plaintiff’s amended complaint alleges that plaintiff, Banking Commission, is by statute vested with the duty of liquidating delinquent banks, and that at all times material to this action it was in possession of the property and business of the Farmers & Merchants Bank of Lena; that on or about November 2, 1933, plaintiff appointed Asa E. Buttrick.special deputy commissioner of banking, as agent to assist in liquidating and distributing assets of the delinquent bank; that Buttrick continued as special deputy until about June 30, 1937; that on November 24, 1933, Buttrick as principal and…