Central Bank & Trust Corp. v. State

In the year 1907, on the application of the attorney-general of Georgia, the assets of the Neal Bank were placed in the custody of a receiver, pursuant to section 2306 of the Civil Code Prior to and at the date of the receivership, the bank was a designated depository of the State, and at the time of its failure the bank was indebted to the State in a large sum of money deposited by various State officials, which deposits appeared upon the books of the bank. By appropriate interventions the State set up the fac-t that at the time of the bank failure she had on deposit in the bank certain sums…