Legal Opinion
Butler v. Commonwealth Tobacco Co.
Supreme Court of New Jersey
Decided June 15, 1908PublishedCited by 21 opinions
1Opinion of the Court
*424The opinion of the court was delivered by
Reed, J.
The Commonwealth Tobacco Company was decreed to be insolvent and a receiver appointed by the epurt of chancery on October 17th, 1904. Among the claims presented to the receiver was that of the Consolidated National Bank of New York. This bank claimed for the full amount of its indebtedness, amounting to $54,440, as such indebtedness appeared at the date of the insolvency of the tobacco company.
It appeared in the case that the bank held as collateral security for the payment of this debt, warehouse receipts for tobacco in storage. Those receipts…
2Cases cited1 opinion
- Merrill v. National Bank of JacksonvilleSupreme Court of the United States · 1899
3Cited by21 opinions
- United Security Trust Company CaseSupreme Court of Pennsylvania · 1936
- Elsinore Shore Associates v. First Fidelity Bank, N.A. (In Re Elsinore Shore Associates)United States Bankruptcy Court, D. New Jersey · 1986
- Bea v. Turner Co.New Jersey Court of Chancery · 1934
- Rogosin v. City Trust Co. of PassaicNew Jersey Court of Chancery · 1930
- Riedinger v. Mack Machine Co., C., Inc.New Jersey Court of Chancery · 1934
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