In re First Nat. Bank
U.S. Circuit Court for the District of Vermont
In Equity. In the matter of the receivership of the First National Bank of St. Albans. Heard on petition by the receiver for leave to accept a proposal to compromise, together with a petition to sell assets in case the proposal is not approved.
1Opinion of the CourtWheeler, J.
This bank has long been in the hands of a receiver appointed’ by the comptroller of the currency. The statute (section 5234) provides that the receiver, “upon the order of a court of record of competent jurisdiction, may sell or compound all bad or doubtful debts; and, on alike order, may sell all the real and personal property of such association, on such terms as the court shall direct.” This receivership now has cash in treasury and bank about $22,500; real estate, which came from mortgages formerly belonging to the estate of Hiram Bellows, through Edward A. Sowles, executor, worth about…
2Cases cited6 opinions
- Hovey v. McDonaldSupreme Court of the United States · 1883
- Tubbs v. WilhoitSupreme Court of the United States · 1891
- Weeks v. SowlesSupreme Court of Vermont · 1886
- Bundy v. CockeSupreme Court of the United States · 1888
- Bellows v. SowlesSupreme Court of Vermont · 1885
1 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Fowden v. Pacific Coast Steamship Co.California Supreme Court · 1906