Legal Opinion
Taft v. Guardian Trust Co.
City of Cleveland Municipal Court
Decided July 5, 1934No. 715682PublishedCited by 1 opinion
1Opinion of the Court
*57OPINION
By DRUCKER, J.
I. When a bank goes upon a restricted withdrawal basis but announces that it will accept new deposits without restrictions as to their availability, the scheme of operations envisaged thereby contemplates that whatever assets are the subject-matter of the new deposits shall be segregated from the previously acquired assets of the bank and that the divisions of the bank's business into new and oid shall be maintained as sharp and distinct as if two separate banking corporations were handling the respective divisions.
Accepting for the moment plaintiff’s contention that the…
2Cases cited38 opinions
- American Nat. Bank of Nashville v. MillerSupreme Court of the United States · 1913
- Lathrop v. BamptonCalifornia Supreme Court · 1866
- Blakey v. BrinsonSupreme Court of the United States · 1932
- Oddie v. . the Nat. City Bank of New YorkNew York Court of Appeals · 1871
- City Bank of Hopkinsville v. BlackmoreCourt of Appeals for the Sixth Circuit · 1896
33 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Central Loan, Inc. v. Farmers & Merchants BankOhio Court of Appeals · 1957