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SANTA FE GEN. OFFICE CREDIT UNION v. GILBERTS

No. 56177.

12 Ill. App.3d 693 (1973)

299 N.E.2d 65

SANTA FE GENERAL OFFICE CREDIT UNION, Plaintiff-Appellant, v. GOTTAR A. GILBERTS, Defendant — (NATIONAL SURETY CORPORATION, Defendant-Appellee.)

Appellate Court of Illinois — First District (1st Division).

Rehearing denied July 26, 1973.

Attorney(s) appearing for the Case

William J. O'Brien, of Chicago, for appellant.

Edward P. McNeela and John P. Hampton, both of Chicago, (Dent, Hampton & McNeela, of counsel,) for appellee.

Judgment affirmed.

Mr. JUSTICE GOLDBERG delivered the opinion of the court:

The legal problems to be unraveled here stem from a most unfortunate series of defalcations from a credit union by a trusted fiduciary and officer. Suit was originally filed by Sante Fe General Office Credit Union (plaintiff) against its former treasurer, Gottar A. Gilberts (defendant), and also against National Surety Corporation (National) which had acted as surety on his official...

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