People v. Mercantile Co-operative Bank
Appellate Division of the Supreme Court of the State of New York
Appeal by the defendant, the Mercantile Co-operative Bank, from an order of the Supreme Court, made at the Orange Special Term and entered in the office of the clerk of the county of Kings on the 11th day of December, 1899, as resettled by an order entered in said clerk’s office on the 20th day of March, 1900, appointing temporary receivers of all the property and effects of the defendant. This appeal was transferred from the second department to the first department.
1Opinion of the Court
Rumsby, J.:
The defendant is a corporation organized on the 9th of October, 1889, under the authority of chapter 122 of the Laws of 1851. Its business operations extend not only through the State of New York, but several other of the United States, and the nominal amount of its transactions is very large. By the General Banking Law (Laws of 1892, chap. 689) chapter 122 of the Laws of 1851 was repealed, and all corporations which had been organized under the provisions of that law were made subject to the provisions of the Banking Law, and were placed for certain purposes under the supervision…
2Cases cited4 opinions
- People v. . BallardNew York Court of Appeals · 1892
- People v. . LoweNew York Court of Appeals · 1889
- People v. Empire Loan & Investment Co.Appellate Division of the Supreme Court of the State of New York · 1897
- People v. Bankers' Loan & Investment Co.New York Court of Common Pleas · 1895
3Cited by4 opinions
- State ex rel. Sparks v. State Bank & Trust Co.Nevada Supreme Court · 1909
- People v. Manhattan Real Estate & Loan Co.Appellate Division of the Supreme Court of the State of New York · 1902
- People v. Oriental BankAppellate Division of the Supreme Court of the State of New York · 1908
- People v. Republic Savings & Loan Ass'nAppellate Division of the Supreme Court of the State of New York · 1900