#### Frank J. Kohout, receiver of Baker State Bank, and Glens Falls Indemnity Company, appellants, v. F. Frazier Jelke et al., appellees.

Gen. No. 37,093.

Opinion filed December 19, 1934.

Rehearing denied January 9, 1935.

Cassels, Potter & Bentley, for appellants; Ralph F. Potter, George C. Bunge and Ralph Horween, of counsel. Sanders, Childs, Bobb & Wescott and White & Hawxliurst, for certain appellees; Dwight S. Bobb, W. L. Bourland and Ralph R. Hawxhurst, of counsel. Dent, Weichelt & Hampton, for certain other appellees; Louis L. Dent and Seward H. Bowers, of counsel.

Mr. Justice Hall

delivered the opinion of the court.