Legal Opinion

Republic Realty Co. v. Phoenix Savings & Loan Ass'n

Court of Appeals of Maryland

Decided July 2, 1968No. 340PublishedCited by 1 opinion

1Opinion of the CourtSmith, J.

The sole question presented in this appeal is whether the chancellor erred in denying interest to appellants (Republic) on the claims which we determined to be legitimate ones against appellee (Phoenix) in Republic v. Phoenix S. & L. Ass’n, 250 Md. 549, 243 A. 2d 858 (1968). The plan of reorganization for Phoenix provided for payment of fixed percentages of the prior free share savings accounts on specified dates. Because of the contest relative to the claims of Republic these sums were not paid to Republic on those dates when the holders of other valid free share accounts were paid. The sum…

2Cases cited17 opinions

  1. Vanston Bondholders Protective Committee v. GreenSupreme Court of the United States · 1947
  2. Armstrong v. American Exchange Nat. Bank of ChicagoSupreme Court of the United States · 1890
  3. White v. KnoxSupreme Court of the United States · 1884
  4. American Casualty Insurance Company's CaseCourt of Appeals of Maryland · 1896
  5. Ticonic National Bank v. SpragueSupreme Court of the United States · 1938

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3Cited by1 opinion

  1. Republic v. PHOENIX S. & L. ASS'NCourt of Appeals of Maryland · 1968

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