Minnewaukan State Bank - Minnewaukan, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 2, 1932
Location: Minnewaukan, North Dakota (48.071, -99.252)

Metadata

Model: gpt-5-mini
Short Digest: 936e8e75

Response Measures

None

Description

Article is a Supreme Court decision referring to the Minnewaukan State Bank in receivership (insolvent state banking corporation). No run or reopening is mentioned; a receiver is in place, indicating permanent closure. I record both a suspension (government action) and the receivership described in the article (publication date used as event reference).

Events (2)

1. May 2, 1932 Receivership

Newspaper Excerpt: Emil H. Intlehouse, as receiver of the Minnewaukan State Bank, petitioner, vs. L. R. Baird, as receiver of the Minnewaukan State Bank, respondent.
Source: newspapers

2. May 2, 1932 Suspension

Cause: Government Action
Cause Details: Bank declared insolvent and placed in receivership under state supervision as discussed in court case interpreting Depositors' Guaranty Fund Act.
Newspaper Excerpt: Emil H. Intlehouse, as receiver of the Minnewaukan State Bank, petitioner, vs. L. R. Baird, as receiver of the Minnewaukan State Bank, respondent.
Source: newspapers

Newspaper Articles (1)

1. May 2, 1932 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, May 2, 1932

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Article Text

# Supreme Court Decisions International Harvester company, plaintiff, appellant and respondent, vs. M. C. Olson, defendant, respondent, and appellant. Appealed from decision of Judge G. Grimson in Towner county district court. Modified and affirmed. "Under our statute Sec. 5991a Supp., where a combine is sold to a purchaser for his own use the buyer has a 'reasonable time after delivery for the inspection and testing of the same, and if it does not prove to be reasonably fit for the purpose for which it was purchased the purchaser may rescind the sale by giving notice within a reasonable time after delivery to the parties from whom such machinery was purchased-and placing the same at the disposal of the seller, any contrary provision in the contract notwithstanding." State of North Dakota, plaintiff and respondent, vs. Oscar Hauge, defendant and appellant. Appealed from decision of Judge George H. Moellring in Ward county district court. Affirmed. It is proper to instruct jury that person who keeps and maintains place where intoxicating liquors are sold as beverage becomes guilty of keeping and maintaining such place when first sale is made and place thereby utilized for prohibited purpose. Philip Emmil, plaintiff and appellant, vs. Albertina Smith and Dan Ehlis, defendants and respondents. Appealed from decision from Judge H. L. Berry in Stark county district court. Affirmed. In an action to establish lines of government survey, record is examined and held that evidence is sufficient to sustain finding of trial court. Implement Dealers Mutual Fire Insurance company, petitioner and respondent, vs. C. A. Myron, Goodyear Tire and Rubber company, Deere and Webber company, and Andrew Myron, respondents and appellant. Appealed from decision of Judge A. T. Cole in Cass county district court. Reversed. "A fire insurance policy may be assigned without a formal written assignment so as to transfer the right of the insured to another. "Where a dealer-agent had contracted with a principal to insure goods shipped under the contract, title to which was reversed in the principal, and all other merchandise and to cause the policy to be made loss payable to the principal as his interest may appear, but where the principal had acquired no lien on such other merchandise or any assignment of the policy, it acquired no interest in the proceeds of the policy on account of loss sustained by the destruction of such other merchandise." Emil H. Intlehouse, as receiver of the Minnewaukan State Bank, petitioner, vs. L. R. Baird, as receiver of the Minnewaukan State Bank, respondent. Appealed from decision of Judge Thomas H. Pugh in Burleigh county district court. Affirmed. The provision of the Depositors' Guaranty Fund Act to the effect that a claim against an insolvent state banking corporation "for funds deposited in such institution and belonging to the estate of any insolvent bank, deposited therein by the receiver or other person officially in charge... shall have preference over all other claims," has reference to funds deposited by the receiver of a banking corporation organized under the laws of North Dakota and does not apply to funds deposited by the receiver of a national banking corporation.