Commissioner of Banks v. Commonwealth-Atlantic National Bank

This suit in equity is reported for the decision of two questions: first, whether this court has jurisdiction to entertain the cause, and second, whether on the bill, answer and agreed facts the suit is barred.

The determination of both questions rests upon these facts in substance: The plaintiff on September 25, 1920, took and has since retained possession of the property and business of the Cosmopolitan Trust Company and is engaged in liquidating its affairs. The defendant bank is the assignee of an alleged claim against the trust company arising from the fact that, at the time when the…