State ex rel. Spillman v. Dunbar State Bank

This is an action to establish the two claims of Seyfer et al. and the First National Bank for deposits in the now defunct Dunbar State Bank, payable from the state guaranty fund. It is now before the court on rehearing. The court formei*ly adopted an opinion in this case, reported in 230 N. W. 99, which opinion it now withdraws. There is no dispute as .to the material facts in this case. The record establishes the following situation: The Dunbar State Bank was taken over by the guaranty fund commission April 4, 1927. It was a “one man” bank with one Murray as president and only active…