Legal Opinion
Leech v. Campbell Duncan
New Jersey Court of Chancery
Decided June 18, 1928PublishedCited by 5 opinions
1Opinion of the Court
On December 27th, 1927, Campbell Duncan, a corporation of this state, was by this court adjudged insolvent, and a receiver was on that day appointed pursuant to the provisions of our Corporation act. On that date the insolvent corporation had money on deposit with the North Camden Trust Company and also was indebted to that trust company on a trade acceptance not then due.
The single question for determination herein is whether the trust company was privileged to set-off its claim, which was not then matured, against the debt which was due and payable to the insolvent corporation at the time…
2Cases cited2 opinions
- Butler v. Commonwealth Tobacco Co.Supreme Court of New Jersey · 1908
- Shields v. John Shields Construction Co.New Jersey Court of Chancery · 1914
3Cited by5 opinions
- Rogosin v. City Trust Co. of PassaicNew Jersey Court of Chancery · 1930
- Tumarkin v. First National State Bank of NJNew Jersey Superior Court Appellate Division · 1976
- Neptune City v. Seacoast Trust Co.New Jersey Court of Chancery · 1934
- Thomas v. National BankUnited States District Court · 1938
- Withers v. Jefferson Trust Co.New Jersey Superior Court Appellate Division · 1938