Vance v. Kavanagh

LEVIN, District Judge.

In 1933 First National Bank — Detroit was deemed insolvent, and a receiver was appointed by the Comptroller of the Currency under authority of 12 U.S.C.A. § 192. At that time decedent, Ralph E. Gilchrist, was a large depositor and was also beneficially interested in another large deposit in the bank.

*901In accordance with the receiver’s custom, certificates, in the form hereinafter described, were issued for these claims, and from time to time substantial distributions were received on account of these certificates.

Decedent died in 1936 and the plaintiff is the surviving…