Child v. Hood Ex Rel. First Bank & Trust Co. of Hendersonville

In Buncombe County v. Hood, Commissioner of Banks, 202 N. C., at p. 795, speaking to the subject, is the following: “No action or suit to recover on a claim against an insolvent banking corporation, organized under the laws of this State, can be maintained against the Commissioner of Banks, where said Commissioner has taken into his possession the assets of such corporation, and is engaged in its liquidation, as he is authorized and directed to do by chapter 113, Public Laws of North Carolina, 1927 (N. C. Code of 1931, sec. 218(c), until such claim has first been presented to said…