Legal Opinion
Norwich Savings Society v. Independent Bank & Trust Co.
Connecticut Superior Court
Decided September 28, 1983No. File CV-83-0072347PublishedCited by 3 opinions
1Opinion of the CourtHurley, J.
The plaintiff, Norwich Savings Society (Norwich), and the defendant, Independent Bank and Trust Company (Independent), each loaned substantial sums of money to Premier Motors, Inc. (Premier). Both banks took a security interest in personal property owned by Premier consisting of, among other things, automobile parts. Premier ceased doing business on or about November 1,1981. At the time of trial each party was still owed in excess of $100,000 by Premier.
It is not disputed that Independent had a first security interest on certain Chrysler parts and that Norwich had a second security interest,…
2Cases cited1 opinion
- Tuftco Sales Corp. v. Garrison Carpet Mills, Inc.Court of Appeals of Georgia · 1981
3Cited by3 opinions
- In Re Kerner Printing Co., Inc.United States Bankruptcy Court, S.D. New York · 1995
- Nieves v. Lane, No. Cv 91-0289280 (Jan. 7, 1993)Connecticut Superior Court · 1993
- Lewis v. Shop-Rite Supermarkets, Inc., No. Cv 97 0396269 S (Oct. 5, 1998)Connecticut Superior Court · 1998