County Court of Monongalia County v. Bank of the Monongahela Valley

Litz, Judge:

This suit was instituted by the county court of Monongalia County against Bank of Monongahela Yalley, an insolvent banking institution of Morgantown, C. E. Lawhead, receiver thereof, and L. R. Charter, commissioner of banking of West Yirginia, to have decreed in favor of plaintiff a trust lien on the assets of the defendant bank.

By written contract between the parties, dated August 2, 1930, Bank of Monongahela Yalley took over the assets and assumed the liabilities of Union Bank & Trust Company, another banking institution of Morgantown, which thereupon ceased to do business and…