Tyler v. Citizens' Bank

Hart, C. J.,

(after stating the facts). The record shows that the complaint in this case was filed and summons issued on February 7, 1931. The Citizens’ Bank & Trust Company suspended business and closed its doors on the 29th day of December, 1930; and five days thereafter, the State Bank Commissioner, under the statute, took charge of said bank as an insolvent banking corporation and proceeded to liquidate its affairs. On the 14th day of January, 1931, the Bank Commissioner issued a charter or articles of incorporation to the Citizens ’ Bank whereby all the assets of the insolvent bank were…