Clyde State Bank (Clyde, ND)

Episode Information

Episode UID
77054571510
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7705457 routing
Routing Number
77-0545
Start Date
October 28, 1925
Location
Clyde, North Dakota (48.770, -98.899)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a8893d5e36aa9ea4

Response Measures

None

Description

Articles show the bank had a receiver; the immediate cause of suspension is not specified in these pieces.

Events (3)
1. October 28, 1925 Receivership
Newspaper Excerpt
L. R. Baird, as Receiver of the Clyde State Bank of Clyde, North Dakota, plaintiff and respondent, vs. C. B. McMillan, as Executor ... (case caption identifying receiver).
Source
newspapers
2. October 28, 1925 Suspension
Cause Details
Articles refer to bank failure and appointment of a receiver but do not state a specific trigger for suspension.
Newspaper Excerpt
L. R. Baird, as Receiver of the Clyde State Bank of Clyde, North Dakota
Source
newspapers
3. November 4, 1925 Other
Newspaper Excerpt
Opinion of the Court by Birdzell, J. ...affirming that claim for superadded liability is not barred though not presented within the time specified (court opinion regarding shareholder liability after bank failure).
Source
newspapers

Newspaper Articles (2)
1. October 28, 1925 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, October 28, 1925

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Article Text

# Deceased Persons # Held Liable Same # As Those Living Estates of deceased persons have the same liability with regard to responsibility for ownership of stock in banks as living persons, the supreme court held in the case of L. R. Baird as receiver of the Clyde State Bank vs. C. B. McMillan as executor of the will of James Balfour, appealed by the defendant from the district court of Burleigh county. The question involved was whether or not the estate of a deceased person who had been a shareholder in the state bank could be held liable for an assessment on account of a super-added statutory liability, where the bank fails after the death of the shareholder and where the claim was not filed or allowed in probate court.

2. November 4, 1925 The Bismarck Tribune Bismarck, Mandan, ND
Article from The Bismarck Tribune, November 4, 1925

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Article Text

From Burleigh County L. R. Baird, as Receiver of the Clyde State Bank of Clyde, North Dakota, plaintiff and respondent, vs. C. B. McMillan, as Executor of the Last Will and Testament of James Balfour, Deceased, defendant and appellant. # SYLLABUS: Section 8736 of the Compiled Laws of 1913, barring claims against estates of deceased persons, if not presented within the time specified in a notice, is construed in relation to an assessment of superadded liability imposed by Section 5168 of the Compiled Laws for 1913 upon holders of bank stock, where the bank did not suspend until after the statutory period had elapsed, and it is held that the claim for superadded liability is not barred though not presented within the time specified in the notice for filing claims against the estate. Appeal from the District Court of Burleigh County, Hon. Chas. M. Cooley, Judge. Affirmed. Opinion of the Court by Birdzell, J. E. E. Fletcher, Esq., Langdon, N. Dak., attorney for appellant. Messrs. Conmy, Young & Burnett, Fargo, N. Dak., attorneys for respondent.