Legal Opinion
Withers v. D'Auria Bank Trust Co.
New Jersey Court of Chancery
Decided November 5, 1937PublishedCited by 2 opinions
1Opinion of the Court
On July 15th, 1936, the commissioner of banking and insurance took possession of and closed the D'Auria Bank and Trust Company. The bank's depositors were insured by the Federal Deposit Insurance Corporation up to $5,000, and there are approximately twenty-four depositors whose deposits exceed $5,000.
In accordance with an act of congress creating the Federal Deposit Insurance Corporation (48 Stat. at L. 168, tit.12 U.S.C.A. 496 § 264 subsec. (1) (7)) upon the payment of the amount of the insured deposit, the insured depositors executed an assignment to the Federal Deposit Insurance…
2Cases cited7 opinions
- Smith v. Washington Casualty InsuranceNew Jersey Court of Chancery · 1932
- Coe v. New Jersey Midland Railway Co.New Jersey Court of Chancery · 1879
- In re the insolvency of North River Construction Co.New Jersey Court of Chancery · 1884
- Receivers of the New Jersey Midland Railway Co. v. WortendykeSupreme Court of New Jersey · 1876
- Tradesmen's Building &c. Ass'n v. ThompsonNew Jersey Court of Chancery · 1880
2 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- Ideal Financing Association v. LabonteSupreme Court of Connecticut · 1935
- Federal Deposit Ins. Corp. v. Wilhoit, Etc.Court of Appeals of Kentucky (pre-1976) · 1943