Trust Co. v. . Hood, Comr. of Banks

Where, as in the instant case, a banking corporation, organized and doing business under the laws of this State, and for that reason subject to the jiudsdiction of the Commissioner of Banks, has transferred, assigned and conveyed all its assets to another banking corporation, also organized and doing business under the laws of this State, in consideration of the agreement of the latter corporation to pay and fully discharge the claims of all the depositors and other creditors of the former corporation, and the Commissioner of Banks had consented to such transfer, assignment and conveyance (C.…