Flanagan v. First National Bank

Plaintiffs are representative creditors of the Madison Square State Bank, which was closed by the auditor of public accounts on June 15; 1932; they brought a suit to enforce a stockholders’ liability and February 11, 1937, had a decree against the First Trust and Savings Bank, trustee, for $10,000; June 22, 1939, the present suit was filed by the same plaintiffs tó enforce the collection of this decree from defendant, the First National Bank of Chicago; answer was filed by the defendant bank and upon hearing of the complaint and answer and a stipulation as to certain facts, the trial court…