Case Name: ATLANTIC BANK & TRUST CO. v. NEELEY, RECEIVER
Court: Supreme Court of South Carolina
Jurisdiction: South Carolina
Decision Date: 1931-07-03
Citations: 161 S.C. 72
Docket Number: 13193
Parties: ATLANTIC BANK & TRUST CO. v. NEELEY, RECEIVER
Judges: Mr. Chief Justice Brease, and Messrs. Justices Stabler and Carter concur.
Reporter: South Carolina Reports
Volume: 161
Pages: 72–77

Head Matter:
13193
ATLANTIC BANK & TRUST CO. v. NEELEY, RECEIVER
(159 S. E., 495)
Messrs. Kearse & Kearse, for appellant,
Mr. Adam H. Moss, for respondent
July 3, 1931.

Opinion:
The opinion of the Court was delivered by
Mr. Justice Cothran.
The decision of this Court in the case of Ex Parte Wachovia Bank (Nettles v. Bank), 160 S. C., 104, 158 S. E., 214, is conclusive against the right of the respondent bank tó priority in the distribution of the assets of the insolvent bank. The Court sua sponte will take notice of the fact that the Act of 1927 (Act April 26, 1927 [35 St. at Large, p. 369]), upon which the plaintiff relies, was declared unconstitutional in the case cited. The order appealed from, which will be reported, is accordingly reversed.
Mr. Chief Justice Brease, and Messrs. Justices Stabler and Carter concur.