Shaw v. Centerfield Oil Co.

This is a suit to establish a claim of the Centerfield Oil Company, "a joint-stock association organized and operating as such under what is commonly known and called a written trustees' agreement," as an unsecured, noninterest-bearing checking account and deposit in the Lometa State Bank, closed by the banking commissioner, and, as such, as payable out of the guaranty fund. The suit was brought by Centerfield Oil Company, acting through its trustees, F. E. Bedecheck and Frank Ezzell, also by Bedecheck and two others who were stockholders in the oil company; the petition alleging:

"This suit…