By these companion suits, begun during 1936, the Receiver of The First National Bank and Trust Company of Yonkers ("The Bank"), seeks to recover fifty per centum of deposits withdrawn by petitioners from the association while insolvent. Thus, it is said, they obtained unlawful preferences within the meaning of the National Banking Act.
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YONKERS v. DOWNEY
309 U.S. 590 (1940)
YONKERS v. DOWNEY, RECEIVER.
Supreme Court of United States.https://leagle.com/images/logo.png
Argued February 29, 1940.
Decided April 22, 1940.
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