Legal Opinion
Uhl v. First Nat. Bank & Trust Co.
District Court, W.D. Michigan
Decided February 15, 1935No. 3636PublishedCited by 3 opinions
1Opinion of the Court
RAYMOND, District Judge.
This suit is brought under section 91, Title 12 U.S.C.A. (R.S. sec. 5242), which in effect declares null and void all payments of money by a national bank to creditors after the commission of an act of insolvency, or in contemplation thereof, made with a view to prevent the application of its assets in the manner prescribed by the National Bank Act, or with a view to the preference of one creditor to another. The obvious purpose of this section and of section 194 of the same title is to secure equality of distribution of the assets of an insolvent bank among its…
2Cases cited16 opinions
- Davis v. Elmira Savings BankSupreme Court of the United States · 1896
- Jennings v. United States Fidelity & Guaranty Co.Supreme Court of the United States · 1935
- Van Reed v. People's National Bank of LebanonSupreme Court of the United States · 1905
- National Security Bank v. ButlerSupreme Court of the United States · 1889
- Federal Reserve Bank v. Omaha Nat. BankCourt of Appeals for the Eighth Circuit · 1930
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3Cited by3 opinions
- Michelsen v. PenneyCourt of Appeals for the Second Circuit · 1943
- City of Grand Rapids, Mich. v. McCurdyCourt of Appeals for the Sixth Circuit · 1943
- Michelsen v. PenneyCourt of Appeals for the Second Circuit · 1943