Legal Opinion
Reichert v. State Savings Bank
Michigan Supreme Court
Decided January 3, 1933No. Docket No. 225, Calendar No. 36,881PublishedCited by 4 opinions
1Opinion of the CourtFead, J.
Petitioner school district of the city of Royal Oak filed a claim for preference of school moneys deposited in insolvent defendant bank, on the ground they were trust funds, illegally deposited, for lack of depository bonds required by 2 Comp. Laws 1929, §§ 7112, 7113. The claim was disallowed.
Petitioner was created by Act No. 169, Pub. Acts 1927, enacted May 14, 1927, and given immediate effect. Newberry v. Starr, 247 Mich. 404. Prior thereto, portions of five school districts, including school district No. 6 of Royal Oak township, were within and portions without the corporate limits of the…
2Cases cited10 opinions
- Scovill Manufacturing Co. v. CassidyIllinois Supreme Court · 1916
- Crane Co. v. SpechtNebraska Supreme Court · 1894
- Reichert v. United Savings BankMichigan Supreme Court · 1931
- Newberry v. StarrMichigan Supreme Court · 1929
- Springfield Lighting Co. v. HobartMissouri Court of Appeals · 1902
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3Cited by4 opinions
- Miller Industries, Inc. v. Cadillac State BankMichigan Court of Appeals · 1972
- Guardian Depositors Corp. v. CurrieMichigan Supreme Court · 1940
- Reichert v. Lochmoor State BankMichigan Supreme Court · 1935
- Rural Agr. School Dist. No. 1 v. Guardian National Bank of CommerceDistrict Court, E.D. Michigan · 1934