Krupnick v. Peoples State Bank

MYERS, District Judge.

This is an action brought by the named receivers of Peoples State Bank of South Carolina against the defendant S. Zaks, seeking to recover balances due upon two promissory notes originally negotiated with Peoples First National Bank of Charleston, assigned to Peoples State Bank of South Carolina, successor to Peoples First National Bank of Charleston. Peoples State Bank of South Carolina closed its doors on the 31st day of December, 1931, and the plaintiffs are the present parties in interest as receivers in liquidation of Peoples State Bank under authority of…