Brown v. O'Keefe

BUFFINGTON, Circuit Judge.

In the court below (16 F.Supp. 494) the receiver of a national bank brought suit against defendant to recover a hundred per cent, assessment made by the Comptroller on stock of such bank standing in defendant’s name on the books of the bank. The first defense of defendant was that he was not the owner of the stock for reasons stated, viz.:

“1. On April 21, 1933, defendant was adjudicated a bankrupt by the United States District Court for the District of New Jersey and all right, title and interest of the defendant in and to the said ten shares of stock by act of law…