Article Text
BANK RECEIVERS TO TURN OVER ASSETS K. C. Knudson, New Head of Banking Department, Orders Them All to "Check In." From Saturday's Daily. About fifty or sixty bank receivers, including Fred Bodie, who has been in charge of closing up the business of the failed Bank of Cass County, of Plattsmouth, will be required to turn over their receiverships to the state banking department by August 7th to be handled thereafter by the new banking commission, provided for in a law passed by the last legislature. Letters have been sent out by K. C. Knudson, head of the banking department, ordering the receivers to take such steps. The new law takes effect on August 7. The receivers are requested in the letter to appear and turn over the assets of the bank to the new commission of seven. They will then be given a receipt and the judges of the district court, who have jurisdiction, will then order their retirement.