Legal Opinion
Susquehanna Chemical Corp. v. Producers Bank & Trust Co.
Court of Appeals for the Third Circuit
Decided April 27, 1949No. 9824PublishedCited by 55 opinions
1Opinion of the Court
GOODRICH, Circuit Judge.
This case is a contest between the trustees in reorganization for the Susquehanna Chemical Corporation and the bank with which the corporation had, on July 30, 1948, checking accounts. The debtor owed the bank an amount greater than its checking accounts upon a demand note containing the usual Pennsylvania confession of judgment clause. Petition for reorganization under Chapter X, 11 U.S.C.A. § 501 et seq., was filed and trustees appointed on July 30, 1948. The bank thereafter refused to honor checks drawn on the checking accounts of the debtor corporation and claimed…
2Cases cited19 opinions
- Vanston Bondholders Protective Committee v. GreenSupreme Court of the United States · 1947
- Prudence Realization Corp. v. GeistSupreme Court of the United States · 1942
- MacDonald v. Plymouth County Trust Co.Supreme Court of the United States · 1932
- Lowden v. Northwestern National Bank & Trust Co.Supreme Court of the United States · 1936
- Potts v. PottsCourt of Appeals for the Sixth Circuit · 1944
14 more not listed; retrieve them via the Exa API.
3Cited by55 opinions
- Baker v. Gold Seal Liquors, Inc.Supreme Court of the United States · 1974
- In the Matter of the Bohack Corporation, Debtor-In-Possession. The Bohack Corporation v. Borden, Inc.Court of Appeals for the Second Circuit · 1979
- In the Matter of Yale Express System, Inc., Debtor. Boston Insurance Company v. F. Ralph Nogg, TrusteeCourt of Appeals for the Second Circuit · 1966
- In re Penn Central Transportation Co.Court of Appeals for the Third Circuit · 1973
- Tonyan Construction Co. v. McHenry State Bank (In Re Tonyan Construction Co.)United States Bankruptcy Court, N.D. Illinois · 1983
50 more not listed; retrieve them via the Exa API.