Supreme Court of South Carolina, 1931

Atlantic B. T. Co. v. Neeley, Rec'r

Supreme Court of South Carolina · Decided July 3, 1931 · Cothran, Brease, Messrs, Stabler, Carter

159 S.E. 495; 161 S.C. 72; 1931 S.C. LEXIS 122 (South Eastern Reporter)

Counsel

Messrs. Kearse Kearse , for appellant, cite: Facts the same as in 136 S.C. 511 ; 134 S.E., 510 . Theory on which preferences are allowed: 140 S.C. 321 ; 138 S.E., 815 ; 150 S.C. 25 ; 147 S.E., 653 ; 141 S.C. 370 ; 137 S.E., 793 ; 60 S.C. 122 ; 38 S.E., 453 ; 77 S.C. 305 ; 57 S.E., 182 . Mr. Adam H. Moss , for respondent cites: Plaintiff entitled to preference under Act 1927 No. 202: 35 Stat., 369.

Opinion of the Court

The opinion of the Court was delivered by

Mr. Justice Cothran.

*77 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.

Case-law data current through December 31, 2025. Source: CourtListener bulk data.