Bassett, Bank Comm. v. City Bank Trust

The application is occasioned by an order of this court made August 16, 1932. The operative effect of this was to segregate certain assets of the receivership estate of an ascertained value of $14,018,209.42, “to be held for liquidation or other disposition by the Receiver for the sole and exclusive benefit” of the depositors in the Savings Department of defendant bank, “free from and discharged from any; and all claims, rights or equities of all depositors in the Commercial Department” and creditors of defendant corporation and “from any and all rights i and equities of redemption of…