58 Ga. App. 186 | Ga. Ct. App. | 1938
1. An order of the judge of the superior court, passed on application of the superintendent of banks, who has taken over a bank for liquidation pursuant to the provisions of Code, § 13-807, which authorizes the superintendent of banks to procure from the judge of the superior court, after the required notice to the bank, “an order to sell, compromise, or compound any bad or doubtful debt or claim, . . and . . sell the real and personal property of such bank on such terms as the court, or the judge thereof, shall direct,” amounts to a determination by the
2. It follows that in a suit by a stockholder of the bank against the superintendent of banks and' the sureties on his official bond, to recover damages alleged to have been sustained by the plaintiff by reason of a sale by the superintendent of the assets of the bank which he had taken over for liquidation under the banking act, in an amount considerably less than their true value, it does not appear that the superintendent in so doing made an illegal or unauthorized sale and violated any duty owing to the plaintiff, in the absence of an allegation in the petition that the superintendent, in selling the assets of the bank, did so without having obtained an order of the superior court, or the judge thereof, to make such sale as is provided in the Code, § 13-807.
3. The petition therefore, wherein it failed to contain an allegation that the superintendent of banks sold the assets of the bank without having obtained an order as required by the statute from the superior court or the judge of the superior court, failed to set out a cause of action, and the court did not err in sustaining the demurrer thereto.
Judgment affirmed.