Legal Opinion
Commonwealth Trust Co. of Pittsburgh v. Atwood
Court of Appeals for the Third Circuit
Decided April 5, 1935No. 5518PublishedCited by 4 opinions
1Opinion of the Court
WOOLLEY, Circuit Judge.
In good times the Bank of Pittsburgh National Association, hereinafter called the bank, purchased mortgages on real estate and, under authority of the Pennsylvania Act of April 6, 1925, P. L. 152 (see 15 PS Pa. § 2514), placed them in a general trust fund commonly known as a mortgage pool, segregated from its other assets and held by it as trustee. In this pool, under authority of the same Act, it invested trust funds and sold shares to outsiders, in all instances represented by certificates of participation in different denominations which indicated the portions of…
2Cases cited7 opinions
- Waterman v. Canal-Louisiana Bank & Trust Co.Supreme Court of the United States · 1909
- Byers v. McAuleySupreme Court of the United States · 1893
- Riehle v. MargoliesSupreme Court of the United States · 1929
- Yonley v. LavenderSupreme Court of the United States · 1875
- Harrison v. MoncravieCourt of Appeals for the Eighth Circuit · 1920
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3Cited by4 opinions
- Seitz v. Freeman (In Re CitX Corp.)United States Bankruptcy Court, E.D. Pennsylvania · 2003
- Coffey v. LawmanCourt of Appeals for the Sixth Circuit · 1938
- Adams v. Reading Trust Co.District Court, E.D. Pennsylvania · 1939
- Bradford v. Commonwealth Trust Co.Court of Appeals for the Third Circuit · 1938