Joseph McKenna, American Water Softener Company v…
“ The bank, which, it is alleged, was entitled to the benefits of the Oklahoma bank guaranty law, subsequently failed and was closed and taken possession of by appellees, composing the state banking board. The certificate of deposit was presented to the banking board and payment demanded out of the depositors' guaranty fund, or, if that fund should be insufficient, that there be issued to appellant a certificate of deposit. ”
