UNITED TOWNS BLDG. & LOAN ASS'N. v. SCHMID


23 N.J. Super. 239 (1952)

92 A.2d 844

UNITED TOWNS BUILDING & LOAN ASSOCIATION, LIQUIDATING CORPORATION, PLAINTIFF, v. JOSEPH A. SCHMID, JOSEPH R. POWELL AND CHARLES R. YOUNG, SR., TRUSTEES, ETC., DEFENDANTS.

Superior Court of New Jersey, Chancery Division.

Decided November 10, 1952.


Attorney(s) appearing for the Case

Mr. Walter S. Keown for plaintiff.

Mr. Grover C. Richman for defendants Joseph A. Schmid, Joseph R. Powell and Charles E. Young, Sr.

Mr. Walter S. Anderson for defendant Horace J. Norcross.

Mr. Harold W. Bennett for defendant Lidie J.K. McCulley, individually and as executrix of estate of John W. McCulley (Messrs. Bennett & Wingate, attorneys).


HANEMAN, J.S.C.

Plaintiff herein filed its complaint alleging that it was the holder of certain participation certificates issued by the defendant trustees, a part of which certificates read as follows:

"This certificate is issued pursuant to all the terms and conditions of:

1. An agreement entered into by the unsecured depositors and creditors of THE CLEMENTON NATIONAL BANK OF CLEMENTON, N.J. under the terms of Section 207, of the Bank Conservation...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases