Allied Investment Corp. v. Jasen

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• recognizing only a narrow exception to Maryland’s “general rule . . . that monies are intangible and, therefore, not subject to a claim for conversion”
• stating that “[t]he general rule is that monies are intangible and, therefore, not subject to a claim for conversion.”
• holding complaint was not based on a conversion claim but was a declaratory judgment action, thus not governed by conversion statute of limitations
• “Granting a motion to dismiss a declaratory judgment action without declaring the rights of the parties rarely is appropriate”
• reviewing motions to dismiss, trial and appellate courts “assume the truth of all well-pleaded, relevant, and material facts in the complaint and any reasonable inferences that can be drawn therefrom.”
• requiring a complaint for conversion of an intangible interest to allege that “tangible documents evidenced [the rights,] and that the documents were transferred improperly to respondent”

Source: CourtListener parenthetical corpus (CC0).