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IN RE LIQUIDATION OF DELTA SECURITY BANK & T. CO.

No. 5332.

327 So.2d 163 (1976)

In Re LIQUIDATION OF DELTA SECURITY BANK AND TRUST COMPANY, and Federal Deposit Insurance Corporation, Plaintiff-Receiver-Appellant.

Court of Appeal of Louisiana, Third Circuit.

Rehearings Denied March 4, 1976.

Attorney(s) appearing for the Case

Snellings, Breard, Sartor & Inabnett by D. R. Sartor, Jr., Monroe, for plaintiff-appellant.

William L. Koerber, Vidalia, for defendants-opponents.

Norman M. Magee, Ferriday, Smith, Taliaferro, Seibert & Boothe by Leo Boothe, Jonesville, for opponents-appellees.

Before CULPEPPER, DOMENGEAUX and PAVY, JJ.

DOMENGEAUX, Judge.

On January 19, 1973, pursuant to a resolution of its Board of Directors, and after petitioning the Commissioner of Financial Institutions of the State of Louisiana, the Delta Security Bank and Trust Company of Ferriday, Concordia Parish, Louisiana, was closed and placed in receivership by order of the Seventh Judicial District Court in and for Concordia Parish. The following day the Federal Deposit Insurance Corporation accepted appointment as receiver...

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