Legal Opinion
Webb v. American Surety Co. of New York
Court of Appeals for the Fifth Circuit
Decided February 16, 1937No. 8155PublishedCited by 6 opinions
1Opinion of the Court
HUTCHESON, Circuit Judge.
This suit was brought by the receiver of a failed national bank, by bill in equity to correct a preferential situation arising out of payments in liquidation of county funds on deposit with the bank when, on June 7, 1930, it closed. As the bill alleged it, this was the way the preference came about:
As security for the repayment of deposits of county funds, the bank had pledged municipal bonds of the principal value of $25,000, and, in addition, the appellee surety company had executed its bond for $25,000, payable to the depositor, W. V. Knott, state treasurer, as…
2Cases cited19 opinions
- Studley v. Boylston National BankSupreme Court of the United States · 1913
- Texas & Pacific Railway Co. v. PottorffSupreme Court of the United States · 1934
- North Chicago Rolling Mill Co. v. St. Louis Ore & Steel Co.Supreme Court of the United States · 1894
- Lewis v. Fidelity & Deposit Co. of Md.Supreme Court of the United States · 1934
- Williams v. NeelyCourt of Appeals for the Eighth Circuit · 1904
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3Cited by6 opinions
- Pennsylvania R. Co. v. MillerCourt of Appeals for the Fifth Circuit · 1941
- City of Fort Worth v. McCameyCourt of Appeals for the Fifth Circuit · 1937
- Inland Waterways Corporation v. HardeeCourt of Appeals for the D.C. Circuit · 1938
- Loughman v. Town of PelhamCourt of Appeals for the Second Circuit · 1942
- City of Fort Worth v. McCameyCourt of Appeals for the Fifth Circuit · 1937
1 more not listed; retrieve them via the Exa API.