Textile Corp. v. . Hood, Comr. of Banks

The judgment of the court below, that “plaintiff have and recover of the defendants, as a preferred claim against the assets of the North Carolina Bank and Trust Company, the sum of $173.93,” must be sustained. Under chapter 103, Public Laws of 1933, the North Carolina Bank and Trust Company limited withdrawals by any depositor, to five per cent of deposits at the close of business on 2 March, 1933. The plaintiff was solvent and its checking account at that time was $8,447.72 — five per cent of which was withdrawn in accordance with the restriction. On this appeal, the only items now in…