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IN RE BRATT

257 Wis. 447 (1950)

IN RE BRATT: NATIONAL CASUALTY COMPANY and another, Appellants, vs. BRATT and another, Respondents.

Supreme Court of Wisconsin.

September 6, 1950.

Attorney(s) appearing for the Case

For the appellant National Casualty Company there were briefs by Bassuener, Humke, Poole & Axel, and oral argument by John F. Poole, all of Sheboygan.

For the appellant Indemnity Insurance Company of North America there were briefs by Bie, Welsh, Trowbridge & Wilmer, and oral argument by Lloyd J. Planert, all of Green Bay.

For the respondent Sonya A. Bratt there was a brief by Hall & Griffith of Madison, and oral argument by Paul Griffith.

H. Maxwell Manzer of Madison, for the commissioner of banks.

FAIRCHILD, J.

Under sec. 218.04 (9m), Stats., the commissioner of banks is required in circumstances such as admittedly exist here with relation to the solvency of the agency operated by George C. Bratt to "take possession of the assets and the books and records of the licensee for the purpose of liquidating its business." The effect of this is that the commissioner brings together the property of the collection agency in...

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