Bank of Commerce & Savings v. Pope County State Bank
Appellate Court of Illinois
Appeal from the Circuit Court of Pope county; the Hon. A. W. Lewis, Judge, presiding. Heard in this court at the March term, 1921.
1Opinion of the CourtJustice Barry
court.'
The auditor of public accounts, on August 11, 1916, issued his certificate authorizing appellant to do business. It was not filed for record until September -7, 1916, at which time, and not before, it became fully organized and entitled to proceed to business as provided by section 5 of the Banks Act (Cahill’s Ill. St. ch. 16a, ¶ 5). It did not actually open for the transaction of business until October 2, 1916.
Prior to the org-anization of appellant, W. F. Van Buskirk and William M. Grissom had entered into a contract whereby the latter undertook to secure subscriptions for at least…
2Cases cited3 opinions
- Ruvenacht v. German-American BankIllinois Supreme Court · 1919
- Ruvenacht v. German-American BankAppellate Court of Illinois · 1918
- Murray v. Standard Pecan Co.Appellate Court of Illinois · 1920