Fano v. Banco Territorial y Agrícola de Puerto Rico

In a suit of Francisco Fano, Acting Treasurer of Puerto Rico, against the Banco Territorial & Agrícola, the Bank of Puerto Rico was appointed administrator or receiver for the said Banco Territorial & Agrícola. The terms have been used interchangeably by the court below. The record before us does not disclose the nature of the proceeding begun by the Acting Treasurer or why the bank was placed in receivership. Other facts that might have some bearing on the case are not disclosed, as, for example, the date of the appointment of the receiver and the dates of the collection of the various bills…