Legal Opinion
Society National Bank v. Security Federal Savings & Loan
Ohio Supreme Court
Decided December 23, 1994No. 93-1878PublishedCited by 9 opinions
1Opinion of the CourtA. William Sweeney, J.
We decide this case pursuant to R.C. Chapters 1303 and 1304, which codify Articles 3 and 4 of the Uniform Commercial Code (“UCC”) and authorize the payee of a cheek to employ indorsements to restrict the way in *324which a check drawn to his order will be paid. Specifically, former R.C. 1303.27 (former UCC 3-206) provided:
“(C) Except for an intermediary bank, any transferee under an indorsement which * * * includes the words * * * ‘for deposit,’ * * * must pay or apply any value given by him for * * * the instrument consistently with the indorsement
We today hold that, pursuant to this statute, a…
2Cases cited8 opinions
- Underpinning & Foundation Constructors, Inc. v. Chase Manhattan Bank, N.A.New York Court of Appeals · 1979
- E. S. Preston Associates, Inc. v. PrestonOhio Supreme Court · 1986
- Cairo Coop. Exchange v. First Nat'l Bank of CunninghamSupreme Court of Kansas · 1980
- Mid-Atlantic Tennis Courts, Inc. v. Citizens Bank & Trust Co. of MarylandDistrict Court, D. Maryland · 1987
- All American Finance Co. v. Pugh Shows, Inc.Ohio Supreme Court · 1987
3 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Appleton v. First National Bank Of OhioCourt of Appeals for the First Circuit · 1995
- Citizens Bank v. Maryland Industrial Finishing Co.Court of Appeals of Maryland · 1995
- Appleton v. First National Bank of OhioCourt of Appeals for the Sixth Circuit · 1995
- Continental Casualty Co. v. Fifth/Third BankDistrict Court, N.D. Ohio · 2006
- CitiMortgage, Inc. v. DavisOhio Court of Appeals · 2014
4 more not listed; retrieve them via the Exa API.