Stockman v. City Bank
Supreme Court of South Carolina
Before Townsend, J., Greenwood, May, 1904. Andrew C. Stockman intervened by petition in action by Maggie A. Hays against City Bank. Prom Circuit decree, defendant appeals. Mr. Grier cites: 37 Henry 8th, chap. 9; Code 1902, 1660; 45 S. C., 567; 25 Ark., 240; 11 Enc., 395, 383; 1 N. & McC., 45; 49 S. C., 450; 38 L. R. A., 118. cite: Morse on Banks, 3d ed., sec. 289; 3 Ency., 2 ed., 827; 19 Am. Dec., 418; 2 Bail., 276; 6 Am.
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Before Townsend, J., Greenwood, May, 1904. Andrew C. Stockman intervened by petition in action by Maggie A. Hays against City Bank. Prom Circuit decree, defendant appeals. Mr. Grier cites: 37 Henry 8th, chap. 9; Code 1902, 1660; 45 S. C., 567; 25 Ark., 240; 11 Enc., 395, 383; 1 N. & McC., 45; 49 S. C., 450; 38 L. R. A., 118. cite: Morse on Banks, 3d ed., sec. 289; 3 Ency., 2 ed., 827; 19 Am. Dec., 418; 2 Bail., 276; 6 Am. Dec., 194; 16 Ency., 2 ed., 1020-; 20 Pick., 53 ; 8 Met, 217; 28 N. H., 391; 121 U. S., 27.
1Opinion of the Court
The opinion of the Court was delivered by .
Mr. Justice Woods.
The City Bank of Greenwood, on May 20, 1903, closed its doors and ceased to do' business. A few days afterward a receiver was appointed, who has administered the assets under tire order of the Court of Common Pleas., and paid the general depositors in full the amounts due them, but without interest. The Circuit Court subsequently on the petition filed by Andrew C. Stockman, in behalf of himself and other depositors, ordered the receiver to pay interest on the general deposits at the rate of seven per cent, per annum, from May 20,…
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