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RODI BOAT COMPANY v. PROVIDENT TRADESMENS BANK & TRUST CO.

Civ. A. No. 31100.

236 F.Supp. 935 (1964)

RODI BOAT COMPANY v. PROVIDENT TRADESMENS BANK & TRUST COMPANY.

United States District Court E. D. Pennsylvania.

January 8, 1964.

Attorney(s) appearing for the Case

Owen B. Rhoads, Arthur W. Leibold, Jr., Dechert, Price & Rhoads, Philadelphia, Pa., for plaintiff.

Richardson Blair and Ballard, Spahr, Andrews & Ingersoll, Philadelphia, Pa., for defendant.

KIRKPATRICK, District Judge.

It is no longer open to question that in Pennsylvania a bank has no right to set off identifiable funds of a third party in a depositor's account against a debt due it by the depositor. This is true even though the bank has no notice of any third party's interest in the debtor's account. Middle Atlantic Credit Corp. v. First Pennsylvania Banking and Trust Company, 199 Pa...

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