Stewart v. Algonac Savings Bank

Plaintiff has a deposit in the Algonac Savings Bank, and, upon refusal by the bank to pay his deposit, filed the bill herein, on March 21, 1933, to have a receiver appointed. The court at once, and without notice, enjoined operation of the bank, appointed a temporary receiver, without bond, and ordered defendant to show cause why a permanent receiver should not be appointed. Defendant moved to dismiss the bill for want of jurisdiction and insufficient averments. The court denied the motion, discharged the temporary receiver, but continued restraint of operations by the bank officers.…