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DORSETT v. SHORE

No. 7355.

254 F.2d 373 (1957)

J. K. DORSETT, Jr., As Executor Under the Will of J. K. Dorsett, Appellant and Cross-Appellee, v. W. T. SHORE, J. H. McAden, S. Y. McAden, Mrs. S. J. Cothran, Estate of Sallie J. McAden, and Miss Susan Bynum, respective shareholders in Merchants and Farmers National Bank, objectors and exceptors, in behalf of themselves and all other shareholders in said Bank, Appellees and Cross-Appellants.

United States Court of Appeals Fourth Circuit.

Decided March 11, 1957.

Attorney(s) appearing for the Case

John S. Cansler, Charlotte, N. C., for appellant and cross-appellee.

P. C. Whitlock, Peter H. Gerns, and John A. McRae, Charlotte, N. C., for appellees and cross-appellants.

Before SOBELOFF, Circuit Judge, and HARRY E. WATKINS and GILLIAM, District Judges.

SOBELOFF, Circuit Judge.

The compensation allowed the liquidating agent of a national bank is in issue here. By presidential order, on March 4, 1933, the Merchants and Farmers National Bank of Charlotte, North Carolina, like all other banking institutions, closed its doors. This bank was not permitted to be reopened, but was placed in the hands of a conservator, J. A. Stokes, who was succeeded in June, 1934, by J. K. Dorsett, named as receiver by the Comptroller of...

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