Legal Opinion

People ex rel. Nelson v. Peoples Loan & Trust Co.

Appellate Court of Illinois

Decided May 15, 1936No. Gen. No. 8,968PublishedCited by 10 opinions

1Opinion of the CourtJustice Wolfe

In November, 1927, George D. Whitcomb Company, a corporation, opened an account with the Peoples Loan and Trust Company, a corporation of Rochelle, Illinois. Before the account was opened with the bank the following resolution was adopted on November 25, 1927: “At a meeting of the Board of Directors of the George D. Whitcomb Company, held at the offices of the corporation, Corner of Second Street and Fifth Avenue, Rochelle, Ill., on the 25th day of November, 1927, at which meeting a quorum of said Directors was present, it was on motion unanimously:

“Resolved, That an account be carried with…

2Cases cited4 opinions

  1. Paine v. Sheridan Trust & Savings BankIllinois Supreme Court · 1930
  2. Milano v. Sheridan Trust & Savings BankAppellate Court of Illinois · 1926
  3. Paine v. Sheridan Trust & Savings BankAppellate Court of Illinois · 1929
  4. People ex rel. Nelson v. Peoples Bank & Trust Co.Appellate Court of Illinois · 1933

3Cited by10 opinions

  1. Bonded Financial Services, Inc., Debtor-Appellant v. European American BankCourt of Appeals for the Seventh Circuit · 1988
  2. Mutual Service Casualty Insurance Company, as Subrogee of Jo Daviess Services, Inc. v. Elizabeth State Bank, an Illinois State Chartered BankCourt of Appeals for the Seventh Circuit · 2001
  3. St. Stephen's Evangelical Lutheran Church v. Seaway National BankAppellate Court of Illinois · 1976
  4. Gouveia v. Cahillane (In Re Cahillane)United States Bankruptcy Court, N.D. Indiana · 2009
  5. Kuhns v. Live Stock National BankNebraska Supreme Court · 1940

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