Legal Opinion
American Surety Co. v. Bethlehem Nat. Bank
Court of Appeals for the Third Circuit
Decided November 27, 1940No. 7518PublishedCited by 7 opinions
1Opinion of the Court
GOODRICH, Circuit Judge.
At the closing of the Bethlehem National Bank of Bethlehem, Pa., the Commonwealth of Pennsylvania had on deposit $135,000. It was secured by the bank’s bond for $125,000 with the* plaintiff as surety. • As additional security the bank had pledged bonds with the Commonwealth, par value of which was $12,000. These bonds were sold for $12,411.44. The Commonwealth received the first dividend of 40% in the course of liquidation of the bank and the plaintiff paid the Commonwealth the balance. The total amount paid by the plaintiff, not counting interest, was $68,588.56.
The…
2Cases cited7 opinions
- Merrill v. National Bank of JacksonvilleSupreme Court of the United States · 1899
- South Philadelphia State Bank's InsolvencySupreme Court of Pennsylvania · 1929
- Louisville Trust Co. v. Royal Indemnity Co.Court of Appeals of Kentucky (pre-1976) · 1929
- Sokoloff v. Fidelity Cas. Co. of N. Y.Supreme Court of Pennsylvania · 1926
- Maryland Casualty Co. v. CoxCourt of Appeals for the Sixth Circuit · 1939
2 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- American Surety Co. v. Bethlehem National BankSupreme Court of the United States · 1941
- Daley-Sand v. West American InsuranceSupreme Court of Pennsylvania · 1989
- Active Fire Sprinkler Corp. v. The United States Postal Service and John T. Brady and Company, DefendantsCourt of Appeals for the Second Circuit · 1987
- Mutual Trust Life Insurance Company v. WemyssDistrict Court, D. Maine · 1970
- Anderson v. General American Life Ins.Court of Appeals for the Sixth Circuit · 1944
2 more not listed; retrieve them via the Exa API.