Foley v. Commissioner of Banks

The plaintiff by this suit in equity instituted in the Superior Court seeks (1) rescission of a contract made by her with the Exchange Trust Company *84whereby she purchased for $1,000 a negotiable draft payable in sterling at a bank in Ireland, and (2) an order that the amount of the draft be paid by the defendant the commissioner of banks in possession of the trust company for liquidation under G. L. (Ter. Ed.) c. 167, §§ 22-30, as a preferred claim against the assets of the trust company.

Martin, an officer of the trust company, is joined as a codefendant and relief is sought against him…