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FIRST NAT. BANK v. WILLIAMS

15 F.2d 585 (1926)

FIRST NAT. BANK OF VENTURA v. WILLIAMS.

District Court, E. D. North Carolina.

October 8, 1926.

Attorney(s) appearing for the Case

George Rountree, of Wilmington, N. C., for complainant.

Rodgers & Rodgers, of Wilmington, N. C., for defendant.

PARKER, Circuit Judge.

This is a suit in equity, instituted by complainant to recover of the defendant, as receiver, the amount of a draft sent by complainant to the Commercial National Bank for collection, and collected by it on the last day on which it was open for business. Recovery is asked on the ground that at the time of the collection of the draft the bank was hopelessly insolvent, to the knowledge of its officers, that the proceeds of the draft remained the...

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