Legal Opinion
American Bank & Trust Co. v. Intermodulex NDH Corp.
Appellate Division of the Supreme Court of the State of New York
Decided April 22, 1980PublishedCited by 2 opinions
1Opinion of the Court
OPINION OF THE COURT
Bloom, J.
Federal Deposit Insurance Corporation (FDIC) sues both in its own name and as receiver of American Bank & Trust Company (Bank), to recover on a note executed by defendant on August 19, 1976 in the principal amount of $200,000 and payable on October 5, 1976.
On September 15, 1976, the Superintendent of Banks took possession of the business and property of the Bank pursuant to the provisions of subdivision 1 of section 6 of the Banking Law. Thereafter, he designated the FDIC as receiver of the Bank, in accordance with the authority vested in him under section 634 of…
2Cases cited6 opinions
- D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
- Bank of Suffolk County v. KiteNew York Court of Appeals · 1980
- Long Beach Trust Co. v. WarshawNew York Court of Appeals · 1934
- Societa Principessa Iolanda Margherita Di Savoia (Fondata Dai Bonitesi), Inc. v. BroderickNew York Court of Appeals · 1932
- Zuroff v. Westchester Trust Co.New York Court of Appeals · 1937
1 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- Crossland Federal Savings Bank Ex Rel. Federal Deposit Insurance v. A. Suna & Co.District Court, E.D. New York · 1996
- In Re Interchemicals Co., Inc.United States Bankruptcy Court, S.D. Texas · 1992