Legal Opinion

Union Guardian Trust Co. v. Emery

Michigan Supreme Court

Decided March 15, 1940No. Docket No. 68, Calendar No. 40,472PublishedCited by 20 opinions

1Opinion of the CourtMcAllister, J.

The above case is a consolidation of 203 cases on trial and review.

On proclamation by the governor of the so-called bank holiday, the Union Guardian Trust Company was closed as of February 11,1933. After operation by a conservator, appointed by the State banking-commissioner, the company was reorganized in April, 1934. By the plan of reorganization, all the assets of the company were set aside in a fund designated as a depositors’ and creditors’ trust fund for liquidation by a trustee for the benefit of creditors, and provisions were made for the filing and allowance of claims, with the right…

2Cases cited37 opinions

  1. Beatty v. . Guggenheim Exploration Co.New York Court of Appeals · 1919
  2. Texas & Pacific Railway Co. v. PottorffSupreme Court of the United States · 1934
  3. St. Louis & San Francisco Railway Co. v. JohnstonSupreme Court of the United States · 1890
  4. Blakey v. BrinsonSupreme Court of the United States · 1932
  5. Stephenson v. GoldenMichigan Supreme Court · 1937

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3Cited by20 opinions

  1. Kim v. Jpmorgan Chase Bank, NaMichigan Supreme Court · 2012
  2. In Re BriggsUnited States Bankruptcy Court, E.D. Michigan · 1992
  3. McCreary v. ShieldsMichigan Supreme Court · 1952
  4. In Re Certified QuestionMichigan Supreme Court · 1994
  5. Goodrich v. WallerMichigan Supreme Court · 1946

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