Ohio ex rel. Squire v. Metropolitan Life Ins.

KLOEB, District Judge.

The plaintiff in this case is the liquidator of the Ohio Savings Bank & Trust Company which, prior to August 17, 1931, was a bank doing business in the city of Toledo, Ohio, by virtue of a charter issued to it by the State of Ohio. It closed its doors on August 17, 1931.

The defendant, Metropolitan Life Insurance Company, on the 24th'day of August, 1920, entered into a written contract with plaintiff’s bank wherein the bank, in contemplation of a sale of certain mortgages upon real properties in the State of Ohio to the defendant, was authorized and empowered to service…