Brock's Assigned Estate (No. 3)

Opinion by

Mr. Justice Maxey,

May 22, 1933:

The question before us is: Does the preference granted by the Act of April 5, 1927, P. L. 106, amending section 1 of the Private Banking Act of 1911, P. L. 1060, to depositors in insolvent duly licensed state banks also extend to depositors in banks operating without the license required by the Act of 1911? This latter act provides that, with certain exceptions (which need not be referred to here), “no individual, partnership, or unincorporated association shall hereafter engage, directly or indirectly, in the business of receiving deposits of money…