General Discount Corp. v. Schram

LEDERLE, District Judge.

I. The defendant, B. C. Schram, is the duly appointed, qualified and acting re*846ceiver of First National Bank-Detroit, an insolvent national banking association, engaged in winding up its affairs.

2. On February 11, 1933, the said bank, along with many others, closed its doors and never thereafter re-opened for'normal business. On March 13, 1933, the Comptroller of the Currency appointed a Conservator for said bank, who continued until the Comptroller, having found and declared said bank to be insolvent, appointed a receiver therefor, and the affairs of said bank have…