Commercial Loan & Trust Co. v. Mallers

Decision Date26 October 1909
Citation242 Ill. 50,89 N.E. 661
CourtIllinois Supreme Court
PartiesCOMMERCIAL LOAN & TRUST CO. v. MALLERS.

OPINION TEXT STARTS HERE

Error to Appellate Court, First District.

Action by the Commercial Loan & Trust Company against John B. Mallers. From a judgment of the Appellate Court refusing to quash an execution in favor of plaintiff, defendant brings error. Affirmed.

See, also, 141 Ill. App. 460.

Thurman, Stafford & Hume, for plaintiff in error.

Horace G. Stone and Ira C. Wood, for defendant in error.

HAND, J.

This is a writ of error sued out from this court to the Appellate Court for the First District to review the judgment of that court in refusing to quash an execution issued out of the office of the clerk of that court on January 6, 1909, in favor of the defendant in error and against the plaintiff in error.

It appears from the record that the defendant in error, the Commercial Loan & Trust Company, a banking corporation organized under the laws of this state, in 1895 brought suit in the circuit court of Cook county against John B. Mallers, the plaintiff in error, as guarantor upon a promissory note; that after numerous trials a judgment was rendered in that court in favor of the plaintiff in error, which judgment was reversed, without remanding, by the Appellate Court for the First District, and a judgment for $4,755.55 and costs was rendered by that court in favor of the defendant in error against the plaintiff in error, which judgment was affirmed by this court; that on the case being remanded to the Appellate Court the execution sought to be quashed was issued by the clerk of said Appellate Court to enforce the collection of said judgment, and levied upon the real estate of the plaintiff in error.

The ground of the motion to quash is that the defendant in error went into voluntary liquidation on December 2, 1898, and that by reason of that fact, it is said, it is without legal capacity to sue out an execution on the judgment rendered in its favor in the Appellate Court, and that said execution for that reason is void, and should be quashed. We do not agree with the contention that said execution was wrongfully sued out for want of capacity in the defendant in error to take out execution upon said judgment, for the following reasons: First. If the plaintiff in error desired to raise the question of the capacity of the defendant in error to sue, he should have done so in the trial court, by a plea in abatement or otherwise (Stoetzell v. Fullerton, 44 Ill. 108;Life Association of America v. Fassett, 102 Ill. 315), and having failed so to do, the judgment rendered against him in the name of the defendant in error was a valid and binding judgment, and if the judgment was a binding and valid judgment, the defendant in error, under the statute, had the right to enforce its collection by execution. The suit was commenced in 1895, and defendant in error went into voluntary liquidation in 1898, and the judgment was rendered in 1908. About 10 years intervened between the voluntary dissolution of the defendant in error and the date of the judgment, during which time the plaintiff in error failed to raise the question of the capacity of the defendant in error to sue, and we think it too late for him to raise that question after the case has passed through the circuit, Appellate, and Supreme Courts, and final judgment has been rendered against him in the Appellate Court. The judgment in favor of the defendant in error was res judicata of all the defenses...

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14 cases
  • Carroll v. Social Security Board
    • United States
    • U.S. Court of Appeals — Seventh Circuit
    • June 10, 1942
    ...it appears that such a corporation is not without power to conduct its own liquidation. Commercial Loan & Trust Co. v. Mallers, 242 Ill. 50, 54, 89 N.E. 661, 134 Am.St.Rep. 306, 17 Ann.Cas. 224. It is worthy of note that the Auditor of Public Accounts is the head of the State Banking System......
  • Chicago Title Trust Co v. Wilcox Bldg Corporation
    • United States
    • U.S. Supreme Court
    • November 15, 1937
    ...v. Fassett, 102 Ill. 315; Singer & Talcott Stone Co. v. Hutchinson, 176 Ill. 48, 51 N.E. 622; Commercial Trust Co. v. Mallers, 242 Ill. 50, 89 N.E. 661, 134 Am.St.Rep. 306, 17 Ann.Cas. 224; Graham & Morton Transp. Co. v. Owens, 165 Ill.App. 100; Griggsville State Bank v. Newman, 275 Ill.App......
  • Trust Co. of Ga. v. Mortgage-Bond Co. of N.Y.
    • United States
    • Georgia Supreme Court
    • January 17, 1948
    ... ... A.L.R. 1564 and 97 A.L.R. 502, and in 17 Ann.Cas. 227, ... following the decision in Commercial Loan & Trust Co., ... etc., v. Mallers, reported also in 242 Ill. 50, 89 N.E. 661, ... 134 ... ...
  • Evans v. Illinois Sur. Co.
    • United States
    • Illinois Supreme Court
    • June 10, 1921
    ...the provisions of the act shall not apply to banking and insurance; that this court has held in Commercial Trust Co. v. Mallers, 242 Ill. 50, 89 N. E. 661,134 Am. St. Rep. 306,17 Ann. Cas. 224, that the act does not apply to corporations for banking purposes, and that for the same reason th......
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