Crystal Bay Corp. v. Schmitt

On Petition for Rehearing

Springmeyer & Thompson, for Appellant. Platt & Sinai, for Respondent.

OPINION

By the Court,

Taber, J.:

Appellant contends that sec. 684 N. C. L. 1929, even when construed independently of other sections of the bank act of 1911, indicates the intent of the legislature to protect depositors and creditors against only fraudulent and improper acts of the bank officials during the insolvency of a bank, which acts would result in the preferment of special friends of said officers among the depositors. To go further, argues appellant, is to add something that the legislature did…