Salt Lake Telegram | 1932-02-18 | Page 15 | Ogden State Bank Depositors Demur

OGDEN STATE BANK DEPOSITORS DEMUR Special to o The Telegram OGDEN Feb 18 A 18 ISA A depositors depositors' committee of the Ogden State bank closed cosed last September and placed ii in inthe inthe the hands of the state stat banking department department depart depart- ment today filed fed in the Second dis district district dis court a demurrer to Commission Commission- or er W. W H. H Hadlock's petition for tor acceptance acceptance accept accept- ance of front from fro the officers anc and directors of the bank in settlement for their liability in connection with wih the banks bank's closing cosing The demurrer sets set forth that the state bank commissioner has no au authority au- au to compromise or settle sette the liability of the officers and directors director and that the court has no Jurisdiction The demurrer further sets forth that tha the petition petton does docs doe not contain contin suii cent information on which the cour court can determine if the offer is in the cn best interests interest of the creditors The depositors say that the pet petition pete peti- peti tion ton should have told whether divi were paid while the bank bak was wa insolvent insolvent the amount of loans based base on insufficient security the amount amoun mout of excessive loans the amount o of loons loans made contrary to law am and whether deposits deposit were received after the bank was known kown to be insolvent insolvent Hearing on the petition petton and nd demur demurrer will wi be held tomorrow before Judge George S. S Barker 0 I I