State Use Crawfordsville Special School District v. Huxtable

Hart, C. J.,

(after stating the facts). In the first place, it is contended by (counsel for the Crittenden County Bank and the Bank 'of Crittenden County that there was no liability on their part. The Bank of Crittenden County was organized for the purpose of purchasing the assets and assuming the liabilities of the Crittenden County Bank, which had become insolvent. The contract for the purchase of the assets and the assumption of the liabilities of the Crittenden County Bank was made on February 5, 1927. It is sought to hold both of these banks liable upon the theory that the Crittenden…