Case Name: In re PLATT
Court: United States District Court for the Southern District of New York
Jurisdiction: United States
Decision Date: 1867-11
Citations: 19 F. Cas. 815
Docket Number: 
Parties: In re PLATT.
Judges: 
Reporter: Federal Cases
Volume: 19
Pages: 815–815

Head Matter:
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.]

Opinion:
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.