Union Properties, Inc. v. Baldwin Bros.

The decision in this case depends upon whether there were sufficient available credits on the books of The Union Trust Company in favor of appellant when the Superintendent of Banks took charge to •offset completely appellant’s two notes. Stated differently : 'W as the superintendent required to credit the savings deposits standing in the name of appellant at the time he took charge or did he have the right to wait until the expiration of the. guaranty periods and the presentation of releases or waivers from the municipalities before crediting the various savings aceounts on the appellant’s…