Leggate v. Porter

Plaintiff brought this action to recover $9,198.10 principal, besides interest, on four certificates of deposit issued by the Bank of Ocheyedan in Iowa. Defendant had judgment and plaintiff appealed.

The Bank of Ocheyedan was a private bank and was owned and operated by defendant. On September 2, 1930, the District Court of Iowa in and for the County of Osceola appointed A. J. Salland receiver of the bank “with power and authority to conserve the assets of said bank, to convert said assets into cash when he believes the same necessary and to dispose of said assets without converting the same…