Legal Opinion · Dissent

United Milk Products Company, a Delaware Corporation v. Michigan Avenue National Bank of Chicago, a National Banking Association

Court of Appeals for the Seventh Circuit

Decided October 9, 1968No. 16607_1Published

1DissentCummings, Circuit Judge

(dissenting).. , It is true that here the bank paid ..... „ , . money m violation of a corporate resolution under arguably suspicious circumstances, but the same situation prevailed in United Milk Products Co. v. Lawndale *18National Bank of Chicago, 392 F.2d 876 (7th Cir. 1968). Since that case is factually more similar to this case and was decided subsequently to Maley v. East Side Bank of Chicago, 361 F.2d 393 (7th Cir. 1966), it is controlling and requires affirmance. Therefore, I regretfully dissent.

2Cases cited2 opinions

  1. United Milk Products Company, a Delaware Corporation v. Lawndale National Bank of Chicago, a National Banking AssociationCourt of Appeals for the Seventh Circuit · 1968
  2. Maley v. East Side Bank of ChicagoCourt of Appeals for the Seventh Circuit · 1966