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DEITRICK v. STANDARD SURETY CO.

No. 455.

303 U.S. 471 (1938)

58 S.Ct. 696

82 L.Ed. 962

DEITRICK, RECEIVER, ET AL. v. STANDARD SURETY & CASUALTY CO.

Supreme Court of United States.

Decided March 28, 1938.

Attorney(s) appearing for the Case

Messrs. George P. Barse and Robert E. Goodwin, with whom Messrs. Richard M. Nichols, James Louis Robertson, and Trevor V. Roberts were on the brief, for petitioners.

Messrs. Frederic H. Chase and Raymond P. Baldwin, with whom Mr. Frank H. Stewart was on the brief, for respondent.

MR. JUSTICE McREYNOLDS delivered the opinion of the Court.

The Boston-Continental National Bank, established in December 1930 through consolidation of Boston National Bank and Continental National Bank, became insolvent. December 17, 1931, a receiver appointed by the Comptroller of the Currency took charge of its affairs. Petitioner is his successor. Among the bank's effects were four "Note-Guaranty" Bonds — $40,000, $52,000, $20,000 and $20,000 — alike...

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