Adams v. Nagle

In Adams v. Nagle, 303 U.S. 532, 58 S.Ct. 687, 82 L.Ed. 999 (1938), the Comptroller had ordered banks closed as insolvent and had ordered an assessment against shareholders to pay the banks' debts. The Supreme Court held that the Comptroller's insolvency determinations and the decision to appoint a receiver for a bank were committed to the Comptroller's discretion and therefore not subject to judicial review. The Court stated that the Comptroller's insolvency assessment was a question "plainly ... for the exercise of administrative discretion" born out of the desirability of prompt liquidation. Id. at 540, 58 S.Ct. at 692.