BANKS AND BANKING-SET -- OFF -- DEPOSITS IN FIDUCIARY CAPACITY

Authors

Abstract

Plaintiff, receiver for an insolvent national bank, sued to recover money deposited in defendant bank. The defendant sought to set off a deposit as trustee in the insolvent bank. Held, the set-off would be improper. The claims are not mutual. A claim in a fiduciary' capacity cannot be set off against an individual debt. Thomas v. Potter Title & Trust Co., (D. C. W. D. Pa. 1932) 2 Fed. Supp. 12.

Recommended Citation

BANKS AND BANKING-SET -- OFF -- DEPOSITS IN FIDUCIARY CAPACITY, 31 Mich. L. Rev. 844 (1933).
Available at: https://repository.law.umich.edu/mlr/vol31/iss6/12