Legal Opinion

People v. Federal Bank

Appellate Division of the Supreme Court of the State of New York

Decided December 13, 1907Published

Appeal by the claimant, The Selma National Bank, from an order of the Supreme Court, made at the New York Special Term, and entered in the office of the clerk -of the county of New York on the loth day of April, 1907, overruling the appellant’s exceptions to the determination by a referee of certain disputed claims and denying-its motion to set aside the report of the said referee.

1Opinion of the Court

Laughlin, J.:

This action was brought by the Attorney-General for the dissolution of the charter of the Federal Bank of ¡New York, a domestic banking corporation. Pending the action, the respondent, Leo Schlesinger, was appointed temporary receiver, and by the judgment of dissolution he was made permanent receiver in December, 1904. Pursuant to the receiver’s notice, duly given, for the presentation of claims, the appellant duly filed with him on the 2d day of May, 1905, proof of claim for a balance of money on deposit on April 14,1904, the date upon which the Federal Bank suspended payment,…

2Cases cited5 opinions

  1. Austin v. . RawdonNew York Court of Appeals · 1870
  2. Del Valle v. NavarroNew York Supreme Court · 1887
  3. People v. . American Loan Trust Co.New York Court of Appeals · 1904
  4. People v. American Loan & Trust Co.Appellate Division of the Supreme Court of the State of New York · 1903
  5. Eustace v. New York Building-Loan Banking Co.Appellate Division of the Supreme Court of the State of New York · 1904

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