Legal Opinion

In Re Mechanics Trust Co.

New Jersey Court of Chancery

Decided November 4, 1935PublishedCited by 11 opinions

1Opinion of the Court

A plan of reorganization has been submitted by the Mechanics Trust Company, which seventy-five per cent. of its depositors, creditors and mortgage participation certificate holders have consented to in writing. Two-thirds of its stockholders of outstanding capital stock have likewise consented to the plan. The court's approval is sought.

This court issued an order directing the company's depositors, creditors and certificate holders to show cause why the plan should not be approved as fair and equitable. The order also provided that those who did not consent in writing to the plan, should file…

2Cases cited54 opinions

  1. M'culloch v. State of MarylandSupreme Court of the United States · 1819
  2. Nebbia v. New YorkSupreme Court of the United States · 1934
  3. Home Building & Loan Assn. v. BlaisdellSupreme Court of the United States · 1934
  4. Munn v. IllinoisSupreme Court of the United States · 1877
  5. Ogden v. SaundersSupreme Court of the United States · 1827

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3Cited by11 opinions

  1. Overlake Homes, Inc. v. Seattle-First National BankWashington Supreme Court · 1961
  2. Paine v. FoxTennessee Supreme Court · 1938
  3. First Nat. Bank of Whippany v. TRUST CO. OF MORRISNew Jersey Superior Court Appellate Division · 1962
  4. McSweeney v. Equitable Trust Co.Supreme Court of New Jersey · 1938
  5. In Re North Jersey Title Insurance Co.New Jersey Court of Chancery · 1936

6 more not listed; retrieve them via the Exa API.

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