Legal Opinion
Mid-City National Bank v. Mar Building Corp.
Appellate Court of Illinois
Decided November 4, 1975No. 60589PublishedCited by 28 opinions
1Opinion of the CourtJustice Leighton
The case before us is a controversy between a bank and a corporate depositor concerning the right of the bank to apply money on deposit to a debt that had been guaranteed by the depositor and which had become due. This controversy arose when the depositor, in a foreclosure proceeding, filed a petition asking the court to order return to the depositor of money which the bank had applied to the defaulted debt. The trial court ruled that the bank could not apply the money to the debt and ordered it returned to the depositor, The issue presented is whether this ruling was correct.
On April 5,…
2Cases cited32 opinions
- Roth v. RothIllinois Supreme Court · 1970
- Cities Service Oil Co. v. VieringIllinois Supreme Court · 1949
- Green v. Ashland Sixty-Third State BankIllinois Supreme Court · 1931
- Mutual Accident Ass'n of the Northwest v. JacobsIllinois Supreme Court · 1892
- People Ex Rel. Russell v. Farmers State & Savings Bank of Grant ParkIllinois Supreme Court · 1930
27 more not listed; retrieve them via the Exa API.
3Cited by28 opinions
- Florsheim v. Travelers Indemnity Co.Appellate Court of Illinois · 1979
- Joseph C. Masi v. Ford City Bank and Trust Company, an Illinois Bank and Trust CompanyCourt of Appeals for the Seventh Circuit · 1986
- In Re Possession & Control of the Commissioner of BanksAppellate Court of Illinois · 2001
- Katz v. Belmont National BankIllinois Supreme Court · 1986
- Nat. Bank of Austin v. First Wis. Nat. Bank, Etc.Appellate Court of Illinois · 1977
23 more not listed; retrieve them via the Exa API.