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CENTRAL SAV. BANK OF BALTO. v. POST

[No. 85, October Term, 1948.]

192 Md. 371 (1949)

64 A.2d 275

CENTRAL SAVINGS BANK OF BALTIMORE ET AL. v. POST ET AL.

Court of Appeals of Maryland.

Decided February 16, 1949.

Attorney(s) appearing for the Case

A. Adgate Duer and Carlyle Barton, with whom were Niles, Barton, Morrow & Yost on the brief, for the appellants.

G. VanVelsor Wolf and L. Vernon Miller, with whom were John W.T. Webb and Marbury, Miller & Evans on the brief, for the appellees, The Savings Bank of Baltimore et al.

Submitted on brief by Venable, Baetjer & Howard and Edmund P. Dandridge, Jr., for the appellees, A.H.S. Post et al., Committee.

The cause was argued before MARBURY, C.J., DELAPLAINE, COLLINS, GRASON, HENDERSON, and MARKELL, JJ.

MARKELL, J., delivered the opinion of the Court.

On December 23, 1930, receivers for the Seaboard Air Line Railway Company were appointed by the United States district court for Eastern Virginia, in equity, and in ancillary proceedings in Southern Florida. On July 31, 1946, after sale under foreclosure of bond mortgages pursuant to a plan of reorganization, the properties of the Seaboard system were transferred to the new corporation formed under the plan.

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