Legal Opinion
Macon National Bank v. Smith
Supreme Court of Georgia
Decided April 15, 1930No. 7385PublishedCited by 15 opinions
1Opinion of the CourtAtkinson, J.
In McGregor v. Battle, 128 Ga. 577 (58 S. E. 28, 13 L. R. A. (N. S.) 185), it was held: “When money is placed in a bank on general deposit, the title to the money immediately passes to the bank, and the relation of debtor and creditor is created between the bank and the depositor. The moment the deposit is made, the credit of the banker is substituted for the money.” In Ricks v. Broyles, 78 Ga. 610 (4) (3 S. E. 772, 6 Am. St. E. 280), it was held that “A general deposit is a loan, and transforms the funds from ready money into a chose in action.” The principle thus stated has been frequently…
2Cases cited25 opinions
- McGregor v. BattleSupreme Court of Georgia · 1907
- Fidelity & Deposit Co. v. Exchange BankSupreme Court of Georgia · 1897
- Hartford Fire Insurance v. AmosSupreme Court of Georgia · 1896
- Turk v. CookSupreme Court of Georgia · 1879
- Hall v. PageSupreme Court of Georgia · 1848
20 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- United States v. Citizens and Southern National Bank, United States of America v. Citizens and Southern National BankCourt of Appeals for the Fifth Circuit · 1976
- Trust Company of Columbus v. United StatesCourt of Appeals for the Eleventh Circuit · 1984
- Brown v. Maguire's Real Estate AgencySupreme Court of Missouri · 1938
- Backer v. City Bank & Trust Co.Supreme Court of Georgia · 1935
- Barsco, Inc. v. HWW, INC.District Court of Appeal of Florida · 1977
10 more not listed; retrieve them via the Exa API.