American State Bank v. Wilson

The opinion of the court was delivered by

Mason, J.:

The American State Bank of Wichita, as the holder of ten certificates of deposit for $5,000 each, issued by the Kansas State Bank of Salina, which is insolvent and has been closed since May 26, 1919, being now in the hands of a receiver, brought this proceeding seeking by mandamus to compel the state bank commissioner to issue to it as a depositor in such insolvent bank certificates payable so far as may be necessary out of the bank depositors’ guaranty fund, as provided by the statute. (Gen. Stat. 1915, § 598.) *522The allegations of the…