Aycock v. Bradbury

BRATTON, Circuit Judge.

This action presents for determination the validity of a transfer of certain assets of a national hank made during the last business day preceding its suspension of business.

The First National Bank of Woodward, Okl., closed its doors on Monday, January 18, 1932, at about 10 o’clock in the forenoon and was subsequently placed in the hands of a receiver. It had been insolvent since September 28th preceding. It was examined by a national bank examiner on that day; his report reflected an insolvent condition, and in consequence an assessment of 100 per cent, was levied…