Legal Opinion
National Bondholders Corp. v. Seaboard Citizens Nat. Bank
Court of Appeals for the Fourth Circuit
Decided March 9, 1940No. 4561PublishedCited by 25 opinions
1Opinion of the Court
SOPER, Circuit Judge.
The purpose of this suit is to establish an obligation on the part of the trustee under a collateral trust indenture or bond mortgage to pay to the certificate or bondholders or their representative, a sum of money paid to the mortgagor in the liquidation of certain collateral notes which had been deposited with the trustee as security for the payment of the bonds. The money received by the mortgagor was used by it for its own purposes and was not turned over to the trustee as it should have been; and the collateral remained in the hands of the trustee.
*140The plaintiff’s…
2Cases cited19 opinions
- Hart Steel Co. v. Railroad Supply Co.Supreme Court of the United States · 1917
- Chicago, Rock Island & Pacific Railway Co. v. SchendelSupreme Court of the United States · 1926
- William W. Bierce, Ltd. v. HutchinsSupreme Court of the United States · 1907
- Oklahoma v. TextasSupreme Court of the United States · 1921
- Taylor v. Davis' AdministratrixSupreme Court of the United States · 1884
14 more not listed; retrieve them via the Exa API.
3Cited by25 opinions
- Scooper Dooper, Inc. v. Kraftco Corp.Court of Appeals for the Third Circuit · 1974
- Hammonds v. HolmesTexas Supreme Court · 1977
- Livesay Industries, Inc. v. Livesay Window Co., IncCourt of Appeals for the Fifth Circuit · 1953
- Aetna Casualty & Surety Co. v. AbbottCourt of Appeals for the Fourth Circuit · 1942
- Fidelity & Casualty Co. of New York v. Federal ExpressCourt of Appeals for the Sixth Circuit · 1943
20 more not listed; retrieve them via the Exa API.