Schram v. Schwartz

AUGUSTUS N. HAND,

Circuit Judge (after stating the facts as above).

The receiver of the National Bank of North Hudson was appointed under the power given to the Comptroller of the Currency by the National Banking Act (U. S. Code, title 12, § 191 [12 USCA § 191]) to appoint a receiver whenever “satisfied of the insolvency of a national hanking association * * * after due examination of its affairs * * The same act authorizes the receiver “under the direction of the comptroller” to enforce the individual liability of the stockholders if necessary to pay the debts of the association. It has long…