In Re Bank of Sampson

Depositors who are also borrowers are allowed to set off their deposits in closed banks against their obligations to said banks, because both claims exist between the same parties and in the same right. In re Bank, 204 N. C., 472, 168 S. E., 676; Coburn v. Carstarphen, 194 N. C., 368, 139 S. E., 596; Williams v. Coleman, 190 N. C., 368, 129 S. E., 818 ; Davis v. Mfg. Co., 114 N. C., 321, 19 S. E., 371; Note, 25 A. L. R., 938; 3 R. C. L., 529; 7 C. J., 745. But this is as far as the doctrine of set-off has been applied in the liquidation of insolvent banks. Indemnity Co. v. Corp. Com., 197 N.…