Legal Opinion
People Ex Rel. Nelson v. Home State Bank of Grant Park
Illinois Supreme Court
Decided February 21, 1930No. 19839. Order affirmedPublishedCited by 15 opinions
1Opinion of the CourtJustice Dunn
The question which this record presents for decision is whether a quasi-municipal corporation, whose funds have been deposited in a bank which has become insolvent, is entitled to priority of payment over the bank’s other creditors.
The Home State Bank of Grant Park was closed on January 9, 1928, by the Auditor of Public Accounts. Upon a bill filed in the circuit court of Kankakee county Luther B. Bratton was appointed receiver. H. M. Gerdes filed a petition in the cause setting forth that he was supervisor of the town of Sumner, in the county of Kankakee, and ex-officio treasurer of the road…
2Cases cited24 opinions
- Officer v. OfficerSupreme Court of Iowa · 1903
- Paul v. DraperSupreme Court of Missouri · 1900
- United States Fidelity & Guaranty Co. v. RaineyTennessee Supreme Court · 1907
- Wetherell v. O'BrienIllinois Supreme Court · 1892
- Anderson v. Pacific BankCalifornia Supreme Court · 1896
19 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Mid-City National Bank v. Mar Building Corp.Appellate Court of Illinois · 1975
- United States Fidelity & Guaranty Co. v. CarterSupreme Court of Virginia · 1933
- Gits v. ForemanIllinois Supreme Court · 1935
- Busher, Clerk v. Fulton, Supt.Ohio Supreme Court · 1934
- People Ex Rel. Nelson v. Waukegan State BankIllinois Supreme Court · 1932
10 more not listed; retrieve them via the Exa API.