Legal Opinion
Continental Casualty Co. v. Metropolitan Savings & Loan Ass'n
Civil Court of the City of New York
Decided April 30, 1965PublishedCited by 1 opinion
1Opinion of the CourtEdward J. Greenfield, J.
The defendant, a savings and loan association, seeks to justify its ignoring of an assignment of the account of one of its depositor members and the paying out of the funds in the account to a creditor of the assignor, on the grounds that plaintiff, the assignee, held the assignment merely as collateral and never having complied with the defendant’s by-laws in becoming a “ member ” of the association, remained an “ unrecognized transferee ”. ,
The dispute arises from the following factual situation: The Rocldedge Development Corp., which maintained an account with the Metropolitan Savings and…
2Cases cited6 opinions
- Fairbanks v. . SargentNew York Court of Appeals · 1889
- Myers v. Albany Savings BankAppellate Division of the Supreme Court of the State of New York · 1946
- Becker v. New Penn Development Corp.Appellate Division of the Supreme Court of the State of New York · 1945
- Goldfarb v. C. & K. Purchasing Corp.Appellate Terms of the Supreme Court of New York · 1939
- Dumpson v. Empire City Savings BankNew York Supreme Court · 1964
1 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Metropolitan Savings & Loan Ass'n v. Hanover InsuranceCivil Court of the City of New York · 1967