Can a bank that is in voluntary liquidation be sued by a creditor even though the bank is in liquidation?
California, United States of America
The following excerpt is from Petition of Sobieski, 210 Cal.App.2d 37, 26 Cal.Rptr. 282 (Cal. App. 1962):
Lanz v. Fresno etc. Bank, 125 Cal. 456, 58 P. 63, held that in the absence of proceedings being taken under the Banking Act to sequester the assets of the bank, the latter was subject to suit by a creditor, even though the bank was in process of voluntary liquidation.
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