State v. Carson Valley Bank

OPINION

This case is before us on an appeal from a judgment and order in a suit instituted to have the state declared a preferred creditor in the matter of the failure of the Carson Valley Bank, a corporation existing under the laws of the state and doing a general banking business.

The facts, so far as necessary here to state, are these:

The bank failed to open its doors on November 1, 1932, at which time state funds in a large sum were therein deposited; that E. J. Seaborn was for a long time prior to said date, and now is, the state bank examiner; that the legislature of the state, at its…