Legal Opinion
Louis Bulasky v. Federal Deposit Insurance Corporation as Receiver of San Francisco National Bank
Court of Appeals for the Ninth Circuit
Decided May 11, 1971No. 23985PublishedCited by 4 opinions
1Opinion of the Court
ELY, Circuit Judge:
The appellant Bulasky is one of three owners of a partnership which operated under two fictitious names and which maintained two bank accounts under the two fictitious names with the San Francisco National Bank. The bank was declared insolvent, and the Federal Deposit Insurance Corporation (FDIC) was appointed the bank’s Receiver. As insurer of the bank's deposits, FDIC paid the three owners $10,000, leaving the partnership as a general creditor of the bank’s receivership for $21,724.68 in deposits. 1 Before the .closing of the bank, Bulasky had borrowed a large sum of…
2Cases cited5 opinions
- Farmers State Bank v. JonesCourt of Appeals of Tennessee · 1949
- Wolcott, Receiver v. PierreIndiana Court of Appeals · 1934
- Morey v. State Ex Rel. MotherseadSupreme Court of Oklahoma · 1928
- Hulse v. KnappDistrict Court, W.D. New York · 1937
- Louis Bulasky v. Federal Deposit Insurance Corp.Court of Appeals for the Ninth Circuit · 1967
3Cited by4 opinions
- New York Guardian Mortgagee Corp. v. ClelandDistrict Court, S.D. New York · 1979
- FDIC v. BrodieDistrict Court of Appeal of Florida · 1992
- In Re MastroeniUnited States Bankruptcy Court, S.D. New York · 1986
- Seattle-First National Bank v. Federal Deposit InsuranceDistrict Court, W.D. Oklahoma · 1985