People v. . Merchants' Trust Co.
New York Court of Appeals
Appeal, by permission,1 from an order of the Appellate Division of the Supreme Court in the third judicial department, entered November 28, 1906, which affirmed an order of Special Term directing the receivers of the defendant to pay interest upon the claims of creditors.
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Appeal, by permission,1 from an order of the Appellate Division of the Supreme Court in the third judicial department, entered November 28, 1906, which affirmed an order of Special Term directing the receivers of the defendant to pay interest upon the claims of creditors. The following questions were certified: 111. Are depositors and holders of certificates of deposit, having special interest contracts with the Merchants’ Trust Company, entitled to payment, in addition to the amounts already paid to them respectively, to wit: the full amount of the principal of their deposits, of any…
1Opinion of the CourtHaight, J.
The defendant was a corporation organized under the laws- of this state and engaged in the business of a banking and trust company. On or about the 23d day of
May, 1905, this action was brought by the attorney-general, in which judgment was demanded that the corporation be dissolved and its assets distributed, upon the ground that it had become insolvent and its capital stock impaired. On that day a temporary receiver was appointed to take possession of the assets of the defendant, and subsequently, and on the 21th day of June, 1905, a final judgment was entered dissolving the corporation and…
2Cases cited7 opinions
- Richmond v. IronsSupreme Court of the United States · 1887
- National Bank of the Commonwealth v. Mechanics' National BankSupreme Court of the United States · 1877
- People v. . American Loan Trust Co.New York Court of Appeals · 1902
- Wheeler v. . MillarNew York Court of Appeals · 1882
- Sickles v. . HeroldNew York Court of Appeals · 1896
2 more not listed; retrieve them via the Exa API.
3Cited by29 opinions
- Sokoloff v. National City BankNew York Court of Appeals · 1928
- People v. . Metropolitan Surety Co.New York Court of Appeals · 1912
- In re John Osborn's Sons & Co.Court of Appeals for the Second Circuit · 1910
- Matter of People (Norske Lloyd Ins. Co.)New York Court of Appeals · 1928
- Greva v. RaineyCalifornia Supreme Court · 1935
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