Legal Opinion

Federal Deposit Ins. v. Lynch

District Court, E.D. New York

Decided August 20, 1942No. 2567Published

1Opinion of the Court

CAMPBELL, District Judge.

This is a motion made by the plaintiff for judgment on the pleadings.

This action is based upon a promissory note, executed and delivered by the defendant James J. Lynch to the Fort Greene National Bank in New York, on or about July 9th, 1936, wherein and whereby it is stated, for value received the defendant promised to pay to the order of the said bank on demand the sum of $6,200 with interest thereon at the rate of 6% per annum.

The defendant, as collateral security for the payment of the said note, deposited the following property with the bank:

*4671. Assignment of…

2Cases cited7 opinions

  1. Mount Vernon Trust Co. v. BergoffNew York Court of Appeals · 1936
  2. First Trust & Deposit Co. v. PotterNew York Supreme Court · 1935
  3. De Cordova v. . BarnumNew York Court of Appeals · 1892
  4. Mount Vernon Trust Co. v. Oakwood Gardens, Inc.Appellate Division of the Supreme Court of the State of New York · 1938
  5. Salt Springs National Bank v. HitchcockNew York Supreme Court · 1932

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