In Re LaFayette Bank & Trust Co.

Chapter 113, Public Laws of North Carolina, session 1927, now C. S., 218(c), is entitled “An act to amend section 218(c) of Yolume 3 of the Consolidated Statutes, relating to the method of liquidating banks.” It is provided by subsection 22 of said act that “no bank created under the Banking Act, or the Industrial Banking Act, and under the supervision of the Corporation Commission, shall be liquidated in any other way or manner than that provided herein.” All banks, doing business under the laws of this State, whether public or private, are by statute under the supervision and general…