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WILLIS v. FIDELITY & DEPOSIT CO.

Gen. No. 45,391.

345 Ill. App. 373 (1952)

103 N.E.2d 513

Robert E. Willis, as Receiver of Broadway-Clark Currency Exchange, Inc., Plaintiff-Appellee, v. Fidelity and Deposit Company of Maryland, Defendant-Appellant, Exchange National Bank of Chicago, Defendant. Fidelity and Deposit Company of Maryland, Cross-Plaintiff-Appellant, v. Robert E. Willis, as Receiver of Broadway-Clark Currency Exchange, Cross-Defendant-Appellee.

Appellate Court of Illinois.

Rehearing denied February 4, 1952.

Released for publication February 5, 1952.

Attorney(s) appearing for the Case

DENT, HAMPTON & DOTEN, of Chicago, for appellant.

HIRSCH E. SOBLE, and THOMAS H. FITZGERALD, both of Chicago, for appellee.

MR. PRESIDING JUSTICE BURKE delivered the opinion of the court.

Broadway-Clark Currency Exchange, Inc., was licensed by the Auditor of Public Accounts on February 6, 1945, to operate a community currency exchange at 2805 North Clark Street, Chicago. The exchange was operated until September 2, 1949, when it was closed by the Auditor. On September 12, 1949 the Auditor determined that the exchange was insolvent and that its business should be liquidated, appointed Robert...

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