Cory v. Concordia State Bank

The opinion of the court was delivered by

Thiele, J.:

This is an appeal from a ruling sustaining a demurrer to plaintiff’s evidence.

On September 10, 1929, the stockholders of the Concordia State Bank, hereafter called the Concordia bank, held a meeting to consider liquidation of the bank, and in connection adopted a resolution authorizing the board of directors to enter into a submitted form of contract whereby their bank was to be liquidated through the Farmers and Merchants State Bank of Concordia, hereafter called the Farmers bank, and appointing plaintiff as liquidating agent to wind up the…