National Bank of the Commonwealth v. Mechanics' National Bank
94 U.S. 437 (1876)

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U.S. Supreme Court

National Bank of the Commonwealth v. Mechanics' National Bank, 94 U.S. 437 (1876)

National Bank of the Commonwealth v. Mechanics' National Bank

94 U.S. 437

Syllabus

1. A depositor in a national bank, when it suspends payment and a receiver is appointed, is entitled, from the date of his demand, to interest upon his deposit.

2. The interest being a liquidated sum at the time of the payment of the deposit, an action lies to recover it and interest thereon.

3. The claims of depositors in a national bank at the time of its suspension for the amount of their deposits are, when proved to the satisfaction of the Comptroller of the Currency, placed upon the same footing as if they were reduced to judgments.

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