Legal Opinion

In re Commercial Nat. Bank

District Court, E.D. Pennsylvania

Decided June 6, 1942No. Civil Action No. 2435Published

1Opinion of the Court

MOORE, District Judge.

The Commercial National Bank suspended business on February 28, 1933. Its affairs have since been in course of liquidation, first under a conservator, and later under receivers appointed by the Comptroller of the Currency. L. M. Reed at present occupies the offiee of receiver for Commercial National Bank. At the time this'proceeding was instituted in the Court of Common Pleas No. 3 of the County of Philadelphia, the receiver had in his hands unclaimed funds in the amount of $265,-900. The petition for escheat filed in the state court alleges that these funds represent…

2Cases cited9 opinions

  1. Security Savings Bank v. CaliforniaSupreme Court of the United States · 1923
  2. United States v. KleinSupreme Court of the United States · 1938
  3. First National Bank of San Jose v. CaliforniaSupreme Court of the United States · 1923
  4. Williams v. New York, P. & NR Co.Court of Appeals for the Fourth Circuit · 1926
  5. Starr v. O'ConnorCourt of Appeals for the Sixth Circuit · 1941

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