Case Name: AMERICAN TRUST & SAVINGS BANK OF CHICAGO v. FOSTER
Court: Michigan Supreme Court
Jurisdiction: Michigan
Decision Date: 1898-10-03
Citations: 118 Mich. 280
Docket Number: 
Parties: AMERICAN TRUST & SAVINGS BANK OF CHICAGO v. FOSTER.
Judges: Grant, C. J., Hooker and Moore, JJ., concurred with Long, J.
Reporter: Michigan Reports
Volume: 118
Pages: 280–281

Head Matter:
AMERICAN TRUST & SAVINGS BANK OF CHICAGO v. FOSTER.
Banks and Banking — Depositors—Who Are.
Case ruled by State Savings Bank of Detroit v. Foster, ante, 868.
Appeal from Ingham; Person, J.
Submitted June 14, 1898.
Decided October 3, 1898.
Petition by the American Trust & Savings Bank of Chicago against Seymour Poster, receiver of the People’s Savings Bank of Lansing, to compel the payment of a dividend. Prom an order dismissing the petition, petitioner appeals.
Affirmed.
Jay P. Lee and Bartlett Wiley, for petitioner.
Bussell O. Ostrander (Cahill & Ostrander, of counsel), for respondent.

Opinion:
Long, J.
It appears in this case that the moneys in controversy were borrowed by the People's Savings Bank from the petitioner. The petitioner is not a depositor, within the meaning of the banking law, and not entitled to claim any part of the dividend arising from the fund recovered against the stockholders. The case is governed by State Savings Bank of Detroit v. Foster, ante, 268.
The order below must be affirmed, with costs in favor of respondent.
Grant, C. J., Hooker and Moore, JJ., concurred with Long, J.
Montgomery, J. My views are expressed in State Savings Bank of Detroit v. Foster, ante, 273.