Legal Opinion
Prashker v. New Jersey Title Guarantee & Trust Co.
New Jersey Superior Court Appellate Division
Decided October 20, 1941PublishedCited by 1 opinion
1Opinion of the Court
The opinion of the court was delivered by
Perskie, J.
The determinative question in this cause is whether appellants’ rights as holders of guaranteed first mortgage participation certificates issued by respondent Trust Company should have been determined, as they urge, in accordance with the “Equity Rule,” and not in accordance with the “Bankruptcy Rule” as urged by respondents and adopted by the court.
The facts are not in dispute. On February 13th, 1939, the board of directors of the Trust Company unanimously adopted a resolution requesting the Commissioner of Banking and Insurance of our…
2Cases cited7 opinions
- Merrill v. National Bank of JacksonvilleSupreme Court of the United States · 1899
- Butler v. Commonwealth Tobacco Co.Supreme Court of New Jersey · 1908
- Kelly v. Middlesex, C., Trust Co.New Jersey Court of Chancery · 1934
- Roseville Trust Co. v. BarneySupreme Court of New Jersey · 1916
- Koch v. Morsemere Trust Co.New Jersey Court of Chancery · 1931
2 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Havens v. Mohme Aero Engineering Corp.New Jersey Court of Chancery · 1944