Giesy v. American Nat. Bank

McCOLLOCH, District Judge.

In the State courts plaintiffs were denied recovery beyond the amount of the taxes that were delinquent at the time of the assignment. The rent for the current month had been paid, and for several months thereafter an affiliate corporation of the defunct bank continued to pay the rent. The Oregon Supreme Court denied any claim against the assets for further rent, holding that the established rule denying recovery of future rentals in the case of insolvent banks, when liquidated through receivership, should apply also in the case of a voluntary assignment. There was a…