Branch Banking & Trust Co. v. Gill

On 31 January 1975, this Court, without a dissenting vote, held the Bank entitled to recover from the defendant Gill, as Custodian of the State Indemnity and Guaranty Fund, and from the defendants Woodcock and Insurance Company of North America, the surety on Woodcock’s fidelity bond, the liability of Woodcock and his surety being primary and that of the State Indemnity and Guaranty Fund secondary. Trust Co. v. Gill, State Treasurer, 286 N.C. 342, 211 S.E. 2d 327.

Today, after nearly three years of further consideration and research, the present majority opinion “withdraws” that decision…