Bassett v. Merchants Trust Co.

This reservation presents certain questions for our advice which grow out of the receivership of the defendant, a state bank and trust company, having three departments, commercial, savings and trust. The questions are presented in several counts but certain of these, the fifth and seventh, were withdrawn at the argument. We discuss the situations presented by the other counts separately.

First Count.

The first question asked in this count is whether it is the duty of the receiver to keep records showing the gross income collected by him on the assets of each department separately, as had been…