Hammons v. Grant
Arizona Supreme Court
1Opinion of the CourtRoss, J.
— It appears that on the date of taking over the Citizens’ Bank & Trust Company, August 27, 1923, by the superintendent of banks, the bank held Grant Bros.’ promissory note, upon which was due a balance of $720.62, and that there was on deposit in said bank, subject to the general checking account of Grant Bros., $1,331.42.
The superintendent of banks, acting under the Banking Code (chapter 31, Acts Special Session of the Fifth Legislature 1922), took charge of the property and business of the Citizens’ Bank & Trust Company as a failing and insolvent institution, and thereafter brought this…
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- In Re the General Assignment of HatchNew York Court of Appeals · 1898
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