King v. . Davis

On 30 December, 1922, the copartnership of L. W. Davis & Co., had on deposit with the Commercial National Bank of 'Wilmington, N. C., the sum of $6,306.90. On that date the bank was closed by order of the Comptroller of the Currency. On 1 February, 1923, a receiver for the bank was appointed. Plaintiff, and defendant dissolved copartnership 14 March, 1923. At the time the. bank was closed, defendant was individually indebted to the bank in the sum of $2,500. The receiver charged the individual indebtedness of defendant against the $6,306.90, leaving to the credit of the partnership the sum of…