Legal Opinion
Stroudsburg Security Trust Company Case
Superior Court of Pennsylvania
Decided March 6, 1941No. Appeal, 56PublishedCited by 11 opinions
1Opinion of the Court
Hirt, J.,
Opinion by
This appeal questions the title of East Stroudsburg National Bank to bonds of Penn Hills of a total par value of $11,500 pledged by the treasurer of that company as collateral security for his personal loan without authority from the corporation.
Fred H. Detrick and L. D. Sopher were promoters of Penn Hills, a business venture incorporated in 1929; throughout the period with which we are concerned the former was the president and the latter the treasurer of the corporation. On July 15, 1929 the corporation gave a mortgage of its property to Security Trust Company, (by merger…
2Cases cited12 opinions
- Second National Bank v. HoffmanSupreme Court of Pennsylvania · 1911
- Fehr v. CampbellSupreme Court of Pennsylvania · 1927
- Union Bank & Trust Co. v. Girard Trust Co.Supreme Court of Pennsylvania · 1932
- Pennsylvania Co. for Ins. v. Ninth Bk. T. Co.Supreme Court of Pennsylvania · 1931
- Germania Safety-Vault & Trust Co. v. BoyntonCourt of Appeals for the Sixth Circuit · 1896
7 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Joseph v. LesnevichNew Jersey Superior Court Appellate Division · 1959
- Norman v. World Wide Distributors, Inc.Superior Court of Pennsylvania · 1963
- Bankers Trust Company of Western New York v. Stuart Crawford, Kutner Buick, Inc., Chalfont Industries, Inc. Appeal of Stuart CrawfordCourt of Appeals for the Third Circuit · 1986
- Securities & Exchange Commission v. Investors Security Corp.District Court, W.D. Pennsylvania · 1976
- Triffin v. DillaboughSuperior Court of Pennsylvania · 1996
6 more not listed; retrieve them via the Exa API.