Gordon v. Tausig

Wickersham, J.,

— The question involved in this case is whether a depositor in a trust company who is also a tenant in an office building owned by the trust company under a year to year lease, made before the trust company was taken over by the secretary of banking, may legally set off his deposit against monthly instalments of rent falling due under such lease subsequent to the closing of the bank.

Facts.

The facts in this case have been agreed upon by counsel, from which it appears, inter alia:

That the Mechanic Trust Company is a trust company duly incorporated, with principal office and place…