Legal Opinion
Bank of North Carolina, N.A. v. The Rock Island Bank, an Illinois Corporation
Court of Appeals for the Seventh Circuit
Decided March 10, 1978No. 76-1984PublishedCited by 40 opinions
1Opinion of the Court
*204SWYGERT, Circuit Judge.2
In this appeal we must determine whether an instrument executed by an Illinois-chartered bank is a letter of credit. If it is, and if it is proper in Illinois for a state bank to issue such a letter, we must reverse the district court’s dismissal of the complaint for failure to state a claim.
The facts of this case are relatively simple. As this action is an appeal from a motion to dismiss, we are obliged to treat all of the factual allegations in the complaint as true. Parr v. Great Lakes Express Co., 484 F.2d 767, 769-70 (7th Cir. 1973). On June 5, 1969 William H.…
2Cases cited15 opinions
- Venizelos, S.A. v. Chase Manhattan BankCourt of Appeals for the Second Circuit · 1970
- Schiro v. W. E. Gould & Co.Illinois Supreme Court · 1960
- National Surety Corporation, a Corporation of the State of New York v. The Midland Bank, a Corporation of New JerseyCourt of Appeals for the Third Circuit · 1977
- Barclays Bank D. C. O. v. Mercantile National BankCourt of Appeals for the Fifth Circuit · 1973
- Knass v. Madison & Kedzie State BankIllinois Supreme Court · 1933
10 more not listed; retrieve them via the Exa API.
3Cited by40 opinions
- East Girard Savings Association v. Citizens National Bank and Trust Company of BaytownCourt of Appeals for the Fifth Circuit · 1979
- Rhode Island Hospital Trust National Bank v. The Ohio Casualty Insurance CompanyCourt of Appeals for the First Circuit · 1986
- In Re Valley Vue Joint VentureUnited States Bankruptcy Court, E.D. Virginia · 1991
- Albert J. Diaz v. Indian Head, Inc., a CorporationCourt of Appeals for the Seventh Circuit · 1982
- Data General Corp. v. Citizens National BankDistrict Court, D. Connecticut · 1980
35 more not listed; retrieve them via the Exa API.