Court Opinion

ID: 9536060
Source: CourtListenerOpinion
Date Created: 2023-08-07 06:53:56.78875+00
Date Added: 2024-06-11T13:33:26.412132
License: Public Domain

Abbott, J.,
dissenting: I would accept the United States Supreme Court’s language in Porter v. Aetna Casualty Co., 370 U.S. 159, 8 L. Ed. 2d 407, 82 S. Ct. 1231 (1962), at face value. It appears to me the Supreme Court is saying that permanent investments lose the statutory protection and that investments of a speculative character or time deposits at interest are permanent investments.
I would therefore affirm the trial court and, if the United States Supreme Court did not mean what it said, give the Court an opportunity to clarify its language.