Legal Opinion

Terhune v. Bank of Bergen County

New Jersey Court of Chancery

Decided October 15, 1881Published

Petition that receiver pay the petitioner the amount of a deposit of cash and checks made by him in the bank on the day before its failure.

1Opinion of the Court

The Chancellor.

The Bank of Bergen County closed its doors on Thursday, November 11th, 1880, at a little before one p. m. The petitioner, John Haywood, had on deposit in the bank, on the day preceding, about $1,800, and on the last-mentioned day, which was Wednesday, the 10th, he deposited $50 in cash, and checks of various persons on different banks: one in Jersey City, others in the city of New York, and one in Livingston county, in the state of New York, to the amount, altogether, of $593.54. His account was credited with the amount of cash and checks as so much cash depositéd by him. The…

2Cases cited3 opinions

  1. In re the President, Directors & Co. of the Franklin BankNew York Court of Chancery · 1828
  2. Chaffee v. FortNew York Supreme Court · 1870
  3. Butler v. . SpragueNew York Court of Appeals · 1876

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