265 Pa. 85 | Pa. | 1919
Opinion by
The Columbia National Bank of Pittsburgh began proceedings in equity to restrain the auditor general from enforcing the provisions of the Escheat Act of June 7, 1915, P. L. 878, requiring banks and other corporations and persons to make annual reports to the auditor general showing property in their hands subject to escheat under the provisions of the statute. While the constitutionality of the act is attacked on various grounds, covered by our opinion in the case of Trust Cos. v. Powell, filed herewith (the preceeding case), the only question now requiring consideration is whether the law applies to deposits in national banks doing business within this State.
The title of the act so far as it relates to bank deposits, provides generally for “the escheat of deposits of money,”
The decree of the court below sustaining a demurrer to the bill is reversed and the bill is reinstated and it is now ordered, adjudged and decreed that appellee is enjoined from enforcing the provisions of the act against plaintiff banks incorporated under the laws of the United States. Costs to be paid by the Commonwealth.