Court says broker may simply rely on the face of attachment order
Commercial Banking, Collections, and Bankruptcy
, August 2009
In Hicks v. Midwest Transit, Inc., the court held that a financial institution served with an attachment order was required only to determine that the order was “regular on its face” – and not to explore validity questions which could only be answered from extraneous sources.
‘Know thy enemy and know thyself’
Bench and Bar
, April 2009
As a recent decision by the Illinois Appellate Court demonstrates, failure to know—and properly name—your party-opponent can have drastic and even fatal consequences.
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