Legal Opinion
Denson v. Shaw
Court of Appeals of Texas
Decided June 21, 1933No. 7949; Motion No. 7573PublishedCited by 7 opinions
1Opinion of the Court
BDAIR, Justice.
The Cameron State Bank was selected as the county depository of Milam county, and, in lieu of a personal or surety bond, gave a pledge of the securities specified by statute to secure the county funds. At the time the bank became insolvent the county had a deposit of about $108,500, and held pledged securities of the value of about $74,000. The banking commissioner allowed the county to prove its claim on the entire debt of $108,500, and by agreement with the county the securities were applied in payment on its debt, which left a balance of about $34,500 still due. The…
2Cases cited5 opinions
- Merrill v. National Bank of JacksonvilleSupreme Court of the United States · 1899
- First American Bank & Trust Co. v. Town of Palm BeachSupreme Court of Florida · 1928
- United States Fidelity & Guaranty Co. v. Centropolis Bank of Kansas City, Mo.Court of Appeals for the Eighth Circuit · 1927
- Jackson v. ChapmanCourt of Appeals of Texas · 1924
- State Ex Rel. Rankin v. Yellowstone Bank & Trust Co.Montana Supreme Court · 1925
3Cited by7 opinions
- Brand v. DensonCourt of Appeals of Texas · 1935
- Huey v. BrandCourt of Appeals of Texas · 1936
- Brand v. Arroyo-Colorado Navigation Dist. of Cameron & Willacy CountiesCourt of Appeals of Texas · 1934
- State v. State Bank of AlamogordoNew Mexico Supreme Court · 1934
- United States v. Federal Deposit Insurance Corp.Court of Appeals of Texas · 1977
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