Case ID: f-cas_19/html/0815-01.html
Source: Caselaw Access Project
Author: {"author": "", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

Case No. 11,211.
    In re PLATT.
    [1 Ben. 534; 
      
       1 Tomp. Nat. Bank. Cas. 181.]
    District Court, S. D. New York.
    Nov., 1867.
    P.ECEIVEIt OP A RATIONAL BaN'K—JURISDICTION— Compromising Debt.
    The national banking act (13 Stat. 115), in the fiftieth section, provides that a receiver appointed under the act may compromise doubtful debts “on the order of a court of record of competent jurisdiction.” Held, that this court was such a court.
    [For an action by the receiver against a debtor of the bank, see Case No. 11,215.]
    [In the matter of the petition of F. A. Platt, receiver of the Farmers’ and Citizens’ National Bank.]
   In this case a receiver, appointed under the national banking act, applied, on a petition setting forth the circumstances, for leave to compromise a debt. The national banking act, in the fiftieth section, provides that the receiver may compromise doubtful debts “on the order of a court of record of competent jurisdiction.” The question arose whether this court was a court of competent jurisdiction. The court, after consideration, decided that it had jurisdiction, and ordered the matter to be referred to a commissioner to take proof of the facts in the case, with his opinion thereon.