Legal Opinion
Acuntius v. Steneck Trust Co.
New Jersey Court of Chancery
Decided July 6, 1932PublishedCited by 5 opinions
1Opinion of the Court
Steneck Trust Company, engaged in general banking business, was the owner of a bond and mortgage for $15,000 against which it issued, "first mortgage participation certificates," one of which, in the sum of $5,000, it issued to complainants. On June 20th, 1931, the bond and mortgage were paid in full to the trust company and the money it received was mingled with other bank money in its general fund. Upon receiving payment of the bond and mortgage, the trust company made an entry thereof in an account on its books entitled, "mortgage participation suspense account," which account shows a…
2Cases cited5 opinions
- Ellicott v. KuhlNew Jersey Superior Court Appellate Division · 1900
- Pierson v. PhillipsNew Jersey Court of Chancery · 1915
- In re appeal of O'CallaghanNew Jersey Superior Court Appellate Division · 1902
- Harrison v. FleischmanNew Jersey Court of Chancery · 1905
- Fidelity Trust Co. v. Federal Trust Co.New Jersey Court of Chancery · 1917
3Cited by5 opinions
- Prudden v. First Nat. Bank of SecaucusNew Jersey Court of Chancery · 1934
- Donnelly v. SlaughterNew Jersey Court of Chancery · 1933
- Jacobson v. SlaughterNew Jersey Court of Chancery · 1934
- McIlroy v. N.J. Title Guarantee Trust Co.New Jersey Court of Chancery · 1939
- Banks v. Commr. of Banking Ins.New Jersey Court of Chancery · 1935