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BORROWING DECISION IN CASE INVOLVING BLOOMFIELD INSTITUTION HANDED DOWN SOUGHT AID OF Hastings Action Tribunal De. cides Stockholder Cannot Escape Liability by Transfering Properto His Wife Lincoln, Feb. The braska supreme court today held right the failed state bank borrow money from the Reconstruction The court held such borrowing, accompanied by pledging of assets failed bank to secure the loan, was proper when apparently for the best interests of the positors concerned. The question raised in appeal from decision the Knox district court author izing Luikart receiver the failed Nebraska State bank Bloomfield to borrow money means of easing the liquidation process the bank The state banking department had the test danger obtaining loan later having state supreme court rule Reverses Previous Decision The court previous cision and held Arnold Vandenburg for loss sight result blast ing stumps for Center township Butler county. Vandenburg was member the township board but the new decision the court held his stump blasting work was not part of duties and that done employe. Judges Eberly and Paine dissented from the opinion. The court also held that bank stockholders' transfer of property his before failure bank did not property from liability. Wahiquist Defendant Val Peterson, receiver for the Bank of Commerce at Hast ings had sued to enforce liabil judgment against Charles Wahlquist property had formerly but transferred his wife in 1923. judgment rendered in 1930. The trial held against the but Judge Rose the supreme opinion said fail hold this property liable would be defeat the purpose the its efforts protect bank enjoys the fruits his the bank prosper permitted escape liability by trans ferring all his property to his consideration.' the opinion said, "before dividends the bank falls, the purpose of the constitution and the protection depositors may be thwarted with