Chemical National Bank v. Hartford Deposit Co.

Citations

• 161 U.S. 1
• 16 S. Ct. 439
• 40 L. Ed. 595
• 1896 U.S. LEXIS 2133

Syllabus

<p>The legal existence of a corporation is not cut short by its insolvency and the consequent appointment of a receiver; and there is nothing in the statutes relating to national banks which takes-them out of the operation -of this general rule.</p> <p>After passing into the hands of a receiver, appointed by the Comptroller of the Currency, under the provisions of the Revised Statutes, a national bank remains liable, during the remainder of the term, for accrued and accruing rent under a lease of the premises occupied by it, although the receiver may have abandoned and surrendered them; but if the lessor, in the exercise of a power conferred by the lease, reenters and relets the premises, the liability of the bank after the reletting is limited to the rent then accrued and unpaid, and the diminution, if any, in the rent for the remainder of the term, after the reletting.</p>