Legal Opinion

In re Coatesville Trust Co.

Pennsylvania Court of Common Pleas, Chester County

Decided September 5, 1934No. 4; no. 7032Published

1Opinion of the Court

Windle, J.,

Exceptant filed exceptions to the first and partial account of accountant, which were sustained by this court in an opinion filed February 26, 1934. In said opinion, it was decided that exceptant was entitled to receive dividends reckoned on the aggregate amount of his deposits with the trust company at the time of closing, rather than on the balance thereof remaining unpaid after certain collateral pledged to secure said deposits was sold. The accountant had made two advance payments in the nature of dividends to depositors, at the rate each of 20 percent of their deposits, prior…

2Cases cited4 opinions

  1. Armstrong v. American Exchange Nat. Bank of ChicagoSupreme Court of the United States · 1890
  2. Citizens' Savings Bank v. VaughanMichigan Supreme Court · 1897
  3. People v. E. Remington & SonsNew York Supreme Court · 1891
  4. George F. Hinrichs, Inc. v. E. B. Higley & Co.Supreme Court of Iowa · 1925

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