Legal Opinion

Banks v. Commr. of Banking Ins.

New Jersey Court of Chancery

Decided May 17, 1935Published

1Opinion of the Court

The bill seeks to impress a trust upon the assets of the Glassboro Title and Trust Company, closed and in charge of the commissioner of banking and insurance.

On September 22d 1931, complainant had on deposit with Glassboro Title and Trust Company, hereafter referred to as "trust company," in a time account, $1,700. On that day she, in company with her sister, Lilly M. Buxton, called at the trust company and conferred with Charles R. Mease, assistant treasurer, and authorized him to purchase thirty-five shares of capital stock of United Gas Improvement Company, which stock was ordered by Mease…

2Cases cited1 opinion

  1. Acuntius v. Steneck Trust Co.New Jersey Court of Chancery · 1932

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