Court Opinion

ID: 3883540
Source: CourtListenerOpinion
Date Created: 2016-07-06 09:14:14.306279+00
Date Added: 2024-06-11T13:51:29.311492
License: Public Domain

Upon consideration of the petition for rehearing filed in the above-stated case, it appears that the Court was in error in allowing Mrs. Hernlen interest from January 3, 1922, at 7 per cent. per annum; the bank being an insolvent institution in the hands of a receiver, under administration of its assets, no interest should have been allowed upon the trust fund of $8,000.00. Hutchinsonv. Bates, 1 Bailey, 111; Morton v. Caldwell, 3 Strob. Eq., 161; Williams v. Benedict, 8 How., 107, 12 L.Ed., 1007;People v. American Loan  T. Co., 172 N.Y., 371,65 N.E., 200.
There appears also in the opinion an error in the amount of the deposit balance account of Mrs. Hernlen; it should be $8,489.54, instead of $8,989.54.
It is therefore ordered that the opinion heretofore filed be modified in accordance herewith; it is further ordered that the remittitur be stayed for a period of ten days after the filing of this order that counsel for Mrs. Hernlen may have an opportunity to file a petition for a rehearing for the purpose of correcting what may be apprehended is an error herein.