Legal Opinion
Mathews v. Starr
District Court, E.D. Virginia
Decided July 13, 1979No. Civ. A. 78-0148-RPublishedCited by 2 opinions
1Opinion of the Court
MEMORANDUM
WARRINER, District Judge.
The question here is whether 114 shares of Philip Morris, Inc. common stock belong to Dominion National Bank or to the Trustee in bankruptcy for the benefit of unsecured creditors of the bankrupt. The bankrupt, Ann Gregory Mathews, had pledged certificates representing 114 shares of common stock in Philip Morris, Inc. to Dominion National Bank as collateral for her guarantee of certain loans made by Dominion to a partnership. Bankrupt defaulted and in due course the collateral was sold by the Bank but the proceeds were insufficient to pay the loans. In the…
2Cases cited2 opinions
- Powell v. Maryland Trust Co.Court of Appeals for the Fourth Circuit · 1942
- Meredith Village Savings Bank v. MarshallSupreme Court of New Hampshire · 1895
3Cited by2 opinions
- F.D.I.C. v. W. Hugh Meyer & Associates, Inc.Court of Appeals for the Fifth Circuit · 1989
- Federal Deposit Insurance Corp. v. Whitaker (In Re Whitaker)United States Bankruptcy Court, D. Kansas · 1982