Legal Opinion
State v. National Newark & Essex Banking Co.
New Jersey Superior Court Appellate Division
Decided June 16, 1954PublishedCited by 3 opinions
1Opinion of the Court
Goldmann, J. S. C.
The single question presented in this action is whether the Custodial Escheat Act (L. 1951, c. 304; N. J. 8. 2A:37-29 et seq.) is applicable to national banking institutions. Defendant maintains that it is not.
The answer filed by the defendant bank to the custodial escheat action instituted by the State sets forth nine separate defenses. Except for the first, these are substantially the same defenses raised and passed upon by this court in State v. American-Hawaiian Steamship Co., 29 N. J. Super. 116 (Ch. Div. 1953). That decision, unless modified or reversed on appeal, is…
2Cases cited4 opinions
- Anderson National Bank v. LuckettSupreme Court of the United States · 1944
- First National Bank in St. Louis v. MissouriSupreme Court of the United States · 1924
- Bank of America, National Trust & Savings Ass'n v. LimaDistrict Court, D. Massachusetts · 1952
- Steward v. Atlantic Nat. Bank of BostonCourt of Appeals for the Ninth Circuit · 1928
3Cited by3 opinions
- Brown v. United Community National BankDistrict Court, District of Columbia · 1968
- Commonwealth of Pennsylvania v. KervickNew Jersey Superior Court Appellate Division · 1971
- State v. United States Steel Corp.Supreme Court of New Jersey · 1956