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UNITED STATES v. KNOTT

No. 643.

298 U.S. 544 (1936)

56 S.Ct. 902

80 L.Ed. 1321

UNITED STATES v. KNOTT, STATE TREASURER, ET AL.

Supreme Court of United States.

Decided May 25, 1936.

Attorney(s) appearing for the Case

Mr. Alger Hiss, with whom Solicitor General Reed, Assistant Attorney General Morris, and Messrs. Paul A. Sweeney and Hadley W. Libbey were on the brief, for the United States.

Mr. C.L. Waller, with whom Mr. Claude Pepper was on the brief, for D.M. Lowry, Receiver, respondent.

Mr. H.E. Carter, Assistant Attorney General of Florida, with whom Mr. Cary D. Landis, Attorney General, was on the brief, for W.V. Knott, State Treasurer, respondent.

Mr. Herbert U. Feibelman, with whom Mr. Saul Nemser was on the brief, for Carl K. Withers, Commissioner of Banking and Insurance of New Jersey, respondent.

MR. JUSTICE BRANDEIS delivered the opinion of the Court.

The New Jersey Fidelity and Plate Glass Insurance Company is a surety company organized under the laws of that State. In 1932, it became insolvent; was upon its petition placed by a New Jersey court for liquidation in the hands of Kelly, the New Jersey Commissioner of Banking and Insurance; and he sought to take possession of its assets wherever situated. In 1930, the company had deposited securities of the...

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