Reichert v. Metropolitan Trust Co.

This case having come on to be heard in the circuit court upon more than 70 petitions objecting to the allowance • of several claims as common claims instead of as preferred claims and to the disallowance of claims on guaranteed bonds, was not passed upon or decided by the trial court, but questions were certified to this court under Court Rule No. 78 (1931), as follows:

Question No. 1:

Facts.

The Metropolitan Trust Company was incorporated on April 22, 1925, under the Trust Company Act No. 108, Pub. Acts 1889, as set forth in 2 Comp. Laws 1915, §§ 8044-8077. Article 3, of the articles of…