In Re the Bank of the United States

Lehman, Ch. J.

The Superintendent of Banks is in possession of the business and property of Bank of United States for the purpose of liquidating its affairs in accordance with the provisions of the Banking Law. Among the assets of the bank are bonds and stocks of G-arment Center Capitol, Inc. The Superin tendent of Banks applied to the court for an order approving acceptance of an offer which had been made by the appellant Bayou Interests, Inc., for the purchase of these securities. Upon the hearing of the petition the court indicated that it would not approve that application but would be…