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CITY OF GRAND RAPIDS, MICH. v. McCURDY

No. 9504.

136 F.2d 615 (1943)

CITY OF GRAND RAPIDS, MICH., et al. v. McCURDY.

Circuit Court of Appeals, Sixth Circuit.

June 24, 1943.

Attorney(s) appearing for the Case

Clifford C. Christenson, of Grand Rapids, Mich. (Ganson Taggart and Clifford C. Christenson, both of Grand Rapids, Mich., on the brief), for appellants.

James T. McAllister, of Grand Rapids, Mich., for appellee.

Before SIMONS, HAMILTON, and MARTIN, Circuit Judges.

SIMONS, Circuit Judge.

The appeal presents important questions involving the status of loans made by a closed National Bank to municipal corporations, and the right of the receiver of the bank to deduct from liquidating dividends interest on the loans from the time they were made to the date of their payment, notwithstanding a written undertaking by the bank that the loans were to be without interest. The District Court held...

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