Milburn v. Martin

Appellee, L. M. Martin, alleged, and the undisputed testimony shows, that he had on deposit in the Citizens ’ Bank & Trust Company, of Harrison, herein after referred to as the Harrison bank, something over two thousand dollars when that institution failed and closed its doors on September 1, 1931, and he brought this suit to recover the amount of the deposit, less a dividend of 13% per cent, which had been paid him. The suit was brought against appellant, T. E. Milburn, who was a director and president of the bank when it failed, and for cause of action it was alleged that appellant, as a…