Legal Opinion
Federal Deposit Ins. Corp. v. Air Atlantic, Inc.
Massachusetts Supreme Judicial Court
Decided August 17, 1983PublishedCited by 13 opinions
1Opinion of the CourtO’Connor, J.
Surety Bank and Trust Company (Surety Bank) closed on May 12, 1972, by order of the Massachusetts Commissioner of Banks. Shortly thereafter, the Commissioner appointed the Federal Deposit Insurance Corporation (FDIC) to liquidate the assets of Surety Bank pursuant to G. L. c. 167, § 26. A single justice of this court confirmed the appointment on May 26, 1972. Acting in its capacity as liquidator, FDIC commenced the first of the two actions here on appeal. In that action, FDIC seeks recovery from the defendant Air Atlantic, Inc. (Air Atlantic), as maker of a promissory note dated January 26,…
2Cases cited12 opinions
- Community National Bank v. DawesMassachusetts Supreme Judicial Court · 1976
- Federal Deposit Insurance Corporation v. Citizens Bank & Trust Company of Park Ridge, IllinoisCourt of Appeals for the Seventh Circuit · 1979
- SAFEWAY PORTLAND EMPLOYEES’ FEDERAL CREDIT UNION, a Federal Credit Union, Appellant, v. FEDERAL DEPOSIT INSURANCE CORPORATION, AppelleeCourt of Appeals for the Ninth Circuit · 1974
- Freeling v. Federal Deposit Insurance CorporationDistrict Court, W.D. Oklahoma · 1962
- Edward Gleason v. United States of AmericaCourt of Appeals for the Third Circuit · 1972
7 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- Shawmut Worcester County Bank, N.A. v. MillerMassachusetts Supreme Judicial Court · 1986
- Honolulu Federal Savings & Loan Ass'n v. MurphyHawaii Intermediate Court of Appeals · 1988
- Lipson v. AdelsonMassachusetts Appeals Court · 1983
- R. Geoff Layne Charles E. Johnson, Jr. v. Bank One, Kentucky, N.A. Banc One Securities CorporationCourt of Appeals for the Sixth Circuit · 2005
- Bank of Boston International v. Arguello TefelDistrict Court, E.D. New York · 1986
8 more not listed; retrieve them via the Exa API.