Security State Bank - Courtenay, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 6, 1925
Location: Courtenay, North Dakota (47.222, -98.566)

Metadata

Model: gpt-5-mini
Short Digest: 4c574432

Response Measures

None

Description

Article (The Bismarck Tribune, 1925-02-06) names C. H. Reimers as receiver of the Security State Bank of Courtenay and discusses receiver actions against stockholders for an insolvent bank. No run or depositors' agitation mentioned; evidence indicates the bank failed and entered receivership (closure) for insolvency.

Events (2)

1. February 6, 1925 Receivership

Newspaper Excerpt: C. H. Reimers, as Receiver of the Security State Bank of Courtenay, North Dakota, Plaintiff and Respondent, vs. ... Appeal from the District Court of Stutsman County ... Affirmed. Opinion of the Court by Birdzell, J.
Source: newspapers

2. February 6, 1925 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank described as insolvent; receiver bringing actions against stockholders to realize on statutory liability.
Newspaper Excerpt: C. H. Reimers, as Receiver of the Security State Bank of Courtenay, North Dakota
Source: newspapers

Newspaper Articles (1)

1. February 6, 1925 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, February 6, 1925

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Article Text

# NEW GASOLINE # BUS ORDERED Fargo, N. D., Feb. 6. A new bus of the gas electric type, will replace the gasoline motor bus now running between Fargo and Lisbon, within a few days, it was announced at the Fargo offices of the Northern Pacific. The B-5, a newer type of the gas electric bus, arrived in Fargo and will be used on the Fargo to Staples run. The new bus seats 52 passengers, has a smoking compartment, a large baggage compartment and a small observation platform. This bus replaces the B-3, which was put in service early this winter on the Staples run. The B-3, which is now undergoing minor changes in the St. Paul shops, will be placed in service on the Lisbon line. The B-3 seats 55. The Northern Pacific will have three rail motor buses operating out of Fargo when the B-3 is put in service; to Staples, to Jamestown, and to Lisbon. Two other new cars of the B-5 type will be sent to Montana for service out of Glendive. # DECISION OF SUPREME COURT From Stutsman County C. H. Reimers, as Receiver of the Security State Bank of Courtenay, North Dakota, Plaintiff and Respondent, vs. L. H. Larson, Defendant and Appellant. C. H. Reimers, as Receiver of the Security State Bank of Courtenay, North Dakota, Plaintiff and Respondent, vs. Lars Nelson, Defendant and Appellant. C. H. Reimers, as Receiver of the Security State Bank of Courtenay, North Dakota, Plaintiff and Respondent, vs. J. H. Albrecht, Defendant and Appellant. SYLLABUS: (1) Under Chapter 137 of the Laws of 1923, an action brought by the receiver of an insolvent bank against stockholders to realize upon the superadded statutory liability, may be brought in the county where the defendants reside. (2) In an action by the receiver against stockholders to realize upon the superadded liability, under Section 5168 of the Compiled Laws of 1913 and Chapter 53 of the Session Laws of 1919, a stockholder may not offset the indebtedness owing to him by the bank. (3) Under the facts disclosed in the record, it is held that an instruction to the effect that the books of the bank were presumed to be correct, and that the fact that the defendants were officers made the presumption stronger, and that the burden was upon the defendants to establish that they were not stockholders by a fair preponderance of the evidence, was not prejudicial to the defendants. Appeal from the District Court of Stutsman County, Hon. Fred Jansonius, Judge. Affirmed. Opinion of the Court by Birdzell, J. Lemke & Weaver, Fargo, N. Dak. Attorneys for Appellants. C. B. Craven, Carrington, N. D., Attorney for Respondent. Conmy, Young & Burnett, Fargo, N. D., Attorney for L. R. Baird, Receiver.