Stevens v. First National Bank & Trust Co.

160 S.E. 243, 173 Ga. 332, 1931 Ga. LEXIS 312
Supreme Court of Georgia·Decided September 11, 1931·No. No. 8081·Published·Cited by 4 cases

Opinion

Russell, C. J.

This was an application for mandamus. Exception was taken to the judgment of the court making the manda[333] mus absolute. Continental Trust Company, a corporation authorized under the law of this State to act as a trustee, was the administrator of the estate of Mrs. Annie N Crutchfield under appointment by the ordinary of Bibb County, and had fully administered the estate, but it had not made a final return and been discharged when it was consolidated with the Macon National Bank on August 30, 1930, since which time the consolidated institutions have been transacting business under the name of “The First National Bank & Trust Company in Macon,” the Comptroller of the Currency having approved the consolidation on that date. The consolidation was made in accordance with the provisions of an act of Congress of the United States, entitled “An act to provide for the consolidation of national banking associationá,” approved November 7, 1918, and amended on February 25, 1927, the provisions of said amendment applicable to said transaction constituting section 34a of U. S. C. A., which provides, among other things: “And the said consolidated national banking association shall hold and enjoy the same and all rights of property, franchises, and interests, including the right of succession as trustee, executor, or in any other fiduciary capacity, in the same manner and to the same extent as was held and enjoyed by such State or district bank so consolidated with such national banking association.” On September 27, 1930, the First National Bank & Trust Company in Macon, purporting to act as administrator of the estate of Mrs. Crutchfield, tendered to the ordinary of Bibb County a first and final return of the administrator on said estate, with an application for discharge as such administrator. The ordinary refused to receive the return or application, or to permit them to be filed in his office, -holding that petitioner was not the administrator of said estate. Petitioner then applied to the superior court for a writ of mandamus requiring the ordinary to receive and file the return and application for discharge.

Walter C. Stevens, ordinary of Bibb County, demurred to the petition as setting forth no facts justifying the grant of the writ prayed for, because (a) the facts set forth in the petition show that the First National Bank & Trust Company in Macon has never qualified as administrator of the estate of Mrs. Annie N. Crutch-field, but the legally appointed and qualified administrator of Mrs. Annie N. Crutchfield is the Continental Trust Company; (b) under [334] the facts alleged in the petition the First National Bank & Trust Company in Macon is not the successor in law of the Continental Trust Company to the office of administrator of the estate of Mrs. Annie N. Crutchfield; (c) under the facts alleged in said.petition the First National Bank & Trust Company in Macon is a separate, distinct, and different legal person or entity from that of the ' Continental Trust Company, and did' not by virtue of the consolidation become the administrator of the estate of Mrs. Annie N. Crutchfield; (d) under the facts alleged, the petitioner is not the administrator of the estate for which it seeks to make a final return, and has no right to make said final return and no right to apply for a discharge. Bespondent also answered, admitting the allegations of the petition as to the consolidation of the institutions as stated in the petition, but denying that such consolidation authorized him to receive the return or grant the discharge as administrator. On the hearing the judge overruled the demurrer and granted a mandamus absolute as prayed for. The respondent excepted.

The applicant for mandamus does not claim to have been nominated by any court, or in any judicial proceeding, to act as administrator of Mrs. Annie N. Crutchfield, but bases its right upon a transfer of the administratorship of Mrs. Crutchfield’s estate from the Continental Trust Co. under a contract by virtue of which the Continental Trust Co. and the Macon National Bank were merged and consolidated into the present defendant in error as successor of the Continental 'Trust Co. The Continental Trust Co. was granted letters of administration on Mrs. Crutchfiield’s estate, but this application for a discharge was not presented in the name of the Continental Trust Co., nor does it appear that the First National Bank & Trust Company in Macon has ever made application to the court of ordinary of Bibb county to be appointed administrator, or that it has ever given bond in terms of the law to faithfully administer the trust. The petitioner bases its application for mandamus solely upon the provisions of 12 U. S. C. A. § 34a, as follows: "Any bank incorporated under the laws of any State, or any bank incorporated in the District of Columbia, may be consolidated with a national banking association located in the same county, city, town, or village under the charter of such national banking association, on such terms and conditions as may be lawfully agreed upon by a majority of the board of [335] directors of each association or bank proposing to consolidate, . . and all the rights, franchises, and interests of such State or District bank so consolidated with a national banking-association in and to every species of property, real, personal, and mixed, and choses in action thereto belonging, shall be deemed to be transferred to and vested in such national banking association into which it is consolidated, without any deed or other transfer, and the said consolidated national banking association shall hold and enjoy the same and all rights of property, franchises, and interests including the right of succession as trustee, executor, or in any other fiduciary capacity in the same manner and to the same extent as was held and enjoyed by such State or District bank so consolidated with such national banking association. . . No such consolidation shall be in contravention of the law of the State under which said bank is incorporated.”

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Stevens v. First National Bank & Trust Co., 160 S.E. 243, 173 Ga. 332, 1931 Ga. LEXIS 312 (Ga. 1931).

160 S.E. 243 (Stevens v. First National Bank & Trust Co.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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