Case ID: la-ann_6/html/0542-01.html
Source: Caselaw Access Project
Author: {"author": "Slidell, J.", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

Commercial Bank v. W. M. Villavaso.
    The Commercial Bank, having gone into voluntary liquidation, under the act ofl2fcli of March, 1842, presents no reason why the commissioner appointed to liquidate its affairs should notuse the corporate name of the hank, in collecting its debts by judicial proceedings.
    from the District Court of St. Bernard, Rousseau, J.
    
      E. Rawle, for plaintiff.
    C. Roselius, for defendant.
   The judgment of the court was pronounced by

Slidell, J.

We see no reason to dismiss this appeal. The delay in the service of citation is attributable to the fault of the sheriff.

It is contended, that this suit should have been brought in the name of the commissioner appointed to liquidate the affairs of the bank, in pursuance of certain judicial proceedings, under the act of 14th March, 1842. The case of the Commercial Bank was one of a solvent bank which desired logo into liquidation, and did so. Its banking franchises were surrendered; but the body corporate existed, and still exists. The legislation on the subject of banks is complicated, and frequently obscure. So far as the present bank is concerned, we see no reason to say, that the commissioner, in collecting its debts by judicial proceedings, is inhibited from using the corporate name. C. C. 423.

It is therefore decreed, that the judgment of the district court be reversed, that the exception pleaded by the defendant be overruled;, and that this cause be remanded for further proceedings according to law; the defendant paying the costs of this appeal.