Supreme Court of North Carolina October 13, 1937 (Windley v. Lupton)

CoNNOR, J.

Subsection 18 of section 218 of tbe Consolidated Statutes of North Carolina, as amended by chapter 113, Public Laws of North Carolina, 1927, now reads as follows:

“If tbe assets of any bank, when fully collected by tbe Commissioner of Banks, are not sufficient to pay tbe depositors and creditors of said bank, tbe Commissioner of Banks, after be shall have fully distributed as herein