Legal Opinion
Joseph Reiter and Leroy Guntner v. Federal Savings and Loan Insurance Corporation
Court of Appeals for the Seventh Circuit
Decided July 2, 1968No. 16485_1Published
1Opinion of the Court
CUMMINGS, Circuit Judge.
Plaintiffs sued for a declaratory judgment that the Federal Savings and Loan Insurance Corporation (“Insurance Corporation”) has no title to a $50,000 account on deposit in the National Boulevard Bank of Chicago. 1 The Insurance Corporation is a corporate instrumentality and agency of the United States, organized under Subchapter IV of the National Housing Act (12 U.S.C. § 1725 et seq.).
Plaintiffs were the president and secretary of the First Federal Savings and Loan Association of Morton Grove, Illinois (“First Federal”), which was chartered on August 1, 1959, by the…
2Cases cited3 opinions
- United States v. General Motors Corp.Supreme Court of the United States · 1966
- Best Medium Publishing Co., Inc., Plaintiff-Counterdefendant-Appellee v. The National Insider, Inc., Defendant-Counterclaimant-AppellantCourt of Appeals for the Seventh Circuit · 1967
- International Co. of St. Louis v. SloanCourt of Appeals for the Tenth Circuit · 1940