Heights Deposit Bank Case

Opinion by

Stadtfeld, J.,

This is an appeal by the Secretary of Banking from a decision of the Court of Common Pleas of Luzerne County, sustaining exceptions filed by Morris Green-stein to the third and partial account of the Secretary’s administration as statutory receiver of the Heights Deposit Bank. The parties have filed an agreed statement of the facts of the case under Rule 56 of this court.

As disclosed by the agreed statement, on September 23, 1931, the Secretary took possession of the bank and determined to liquidate same. On that date, Greenstein was indebted to the bank on his note…