¶1This action was brought by plaintiff, as superintendent of banks, ag'ainst the officers and directors of the First State Bank of Fulton, S. D., for the recovery of excess loans made by defendants to various parties named in the complaint. The issues involved are similar to the issues in Smith v. Fischer et al, 58 S. D. 510, 237 N. W. 718, just handed down, and1 upon the authority of that case the judgment and order appealed from the reversed.
58 S.D. 509
Smith v. Morris
Decided July 20, 1931
South Dakota Supreme Court · decided 1931-07-20
Relies on Smith v. Fischer
Decided 1931-07-20