[Download] "Wilhoit v. Federal Deposit Ins. Corporation." by United States Court Of Appeals For The Sixth Circuit ~ Book PDF Kindle ePub Free
eBook details
- Title: Wilhoit v. Federal Deposit Ins. Corporation.
- Author : United States Court Of Appeals For The Sixth Circuit
- Release Date : January 29, 1943
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 65 KB
Description
The principal question involved in this appeal is whether under Title 12, U.S.C. § 264, 12 U.S.C.A. § 264, the Federal Deposit Insurance Corporation (hereinafter called the Corporation) is entitled to receive interest for payments made by it to the depositors in an insured state bank. The action was for declaratory judgment, and the District Court held that it was the duty of appellant, the District of Banking of the Commonwealth of Kentucky in charge of the liquidation of the Ghent Deposit Bank of Carroll County, Kentucky, after payment of expenses of administration and liquidation, if any, to pay interest at the rate of six per cent per annum on the claims of creditors allowed against the bank, and to pay the Corporation its pro rata portion of such interest.
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