Legal Opinion
National Acceptance Co. of America v. Virginia Capital Bank
District Court, E.D. Virginia
Decided June 17, 1980No. Civ. A. 79-0630-RPublishedCited by 16 opinions
1Opinion of the Court
OPINION AND ORDER
CLARKE, District Judge.
The plaintiffs in this diversity action are creditors of Concrete Structures, Inc., a Virginia corporation currently the subject of bankruptcy proceedings under Chapter XI of the Bankruptcy Act. Claiming a prior, perfected security interest in certain funds deposited in various deposit accounts maintained by Concrete Structures in the Virginia Capital Bank, they allege that the Bank wrongfully appropriated these funds to set off certain debts owed to the Bank by Concrete Structures. The matter comes before the Court on the Bank’s motion for summary…
2Cases cited21 opinions
- Clovis National Bank v. ThomasNew Mexico Supreme Court · 1967
- Citizens National Bank v. Mid-States Development Co.Indiana Court of Appeals · 1978
- Community Bank v. JonesOregon Supreme Court · 1977
- Brown & Williamson Tobacco Corp. v. First National Bank of Blue Island, a National Banking AssociationCourt of Appeals for the First Circuit · 1974
- Lisbon Bank and Trust Company v. MurraySupreme Court of Iowa · 1973
16 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- General Elec. Credit Corp. v. Strickland Div. of Rebel Lumber Co.Supreme Court of Alabama · 1983
- Insley Manufacturing Corp. v. Draper Bank & TrustUtah Supreme Court · 1986
- National Acceptance Co. of America v. Virginia Capital BankDistrict Court, E.D. Virginia · 1980
- Mid-States Sales Co. v. Mountain Empire Dairymen's Ass'nColorado Court of Appeals · 1987
- Branch Banking & Trust Co. v. Columbian Peanut Co.District Court, E.D. North Carolina · 1986
11 more not listed; retrieve them via the Exa API.