Legal Opinion
State Banking Commissioner v. Metropolitan Trust Co.
Michigan Supreme Court
Decided April 1, 1940No. Docket No. 75, Calendar No. 40,843PublishedCited by 7 opinions
1Opinion of the CourtPotter, J.
The Metropolitan Trust Company, a Michigan corporation, became insolvent and suspended business June 18, 1931. Thereafter the Michigan legislature enacted Act No. 24, Pub. Acts 1932 (1st Ex. Sess.), being Comp. Laws Supp. 1935, § 12018-1 (Stat. Ann. § 23.249), which provided:
‘ ‘ The court having jurisdiction over such receivership in the event of the proposed sale of any of the assets of said trust company may on petition of the receiver and in its order or orders authorizing and/ or confirming such sale, provide for the payment or part payment for such assets by the application of a claim or…
2Cases cited16 opinions
- Richmond v. IronsSupreme Court of the United States · 1887
- American Iron & Steel Manufacturing Co. v. Seaboard Air Line RailwaySupreme Court of the United States · 1914
- Ticonic National Bank v. SpragueSupreme Court of the United States · 1938
- People v. . American Loan Trust Co.New York Court of Appeals · 1902
- Flynn v. American Banking & Trust Co.Supreme Judicial Court of Maine · 1908
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3Cited by7 opinions
- Mix v. City of MinneapolisSupreme Court of Minnesota · 1945
- Federal Deposit Insurance v. Farmers Bank of NewtonMissouri Court of Appeals · 1944
- Hoffman v. UngerWest Virginia Supreme Court · 1943
- Schram v. BrooksDistrict Court, E.D. Michigan · 1941
- Huston v. Federal Deposit Insurance Corp.Texas Supreme Court · 1990
2 more not listed; retrieve them via the Exa API.