Legal Opinion

Lebanon Iron Co. v. Donnelly & Co.

District Court, E.D. Pennsylvania

Decided December 6, 1928No. 3257PublishedCited by 8 opinions

1Opinion of the Court

THOMPSON, District Judge.

Receivers were appointed for Donnelly & Co., with leave to continue, pending further order of the court, the active conduct of the business. The receivers were authorized by order of the court to borrow upon receivers’ certificates $20,000 to be used in the conduct of the business. On May 6, 1925, they borrowed upon their certificate $10,000 from the Com Exchange Bank of Philadelphia. The receivers Opened a deposit account with the bank, in which they were credited with the amount of the 'Certificate, and in which they also deposited moneys derived from their conduct…

2Cases cited10 opinions

  1. Bank of the Republic v. MillardSupreme Court of the United States · 1870
  2. Marine Bank v. Fulton BankSupreme Court of the United States · 1865
  3. Scammon v. KimballSupreme Court of the United States · 1876
  4. Thompson v. RiggsSupreme Court of the United States · 1867
  5. Lehman Bros. v. Tallassee Manufacturing Co.Supreme Court of Alabama · 1879

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3Cited by8 opinions

  1. Cusanno v. Fidelity Bank (In Re Cusanno)United States Bankruptcy Court, E.D. Pennsylvania · 1982
  2. United States v. Thomas Henry Mowry MikeCourt of Appeals for the Third Circuit · 1994
  3. In the Matter of A. M. Townson & Co., BankruptCourt of Appeals for the Third Circuit · 1960
  4. Charles A. Eaton Co. v. Louis Mark Shoes, Inc.District Court, E.D. Pennsylvania · 1930
  5. In the Matter of A. M. Townson & Co., BankruptCourt of Appeals for the Third Circuit · 1960

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