(303 III. 282, 135 N. E. 497.)

Limitation of actions-certificate of deposit.

1. The Statute of Limitations does not begin to run upon a certificate of deposit until demand made.

[See note on this question beginning
certificate of deposit
where demand to be made.

Bank

2. When a corporation discontinues business at the place where it issued a certificate of deposit, demand need not be made at a place other than that of its residence and principal place of business in another state.

on page 7.]

reasonable time for demand upon certificate of deposit.

3. The reasonable time within which demand must be made upon a certificate of deposit issued for money deposited for safe-keeping is not governed by the limitation period fixed by statute for actions upon accounts. [See 3 R. C. L. 582.]

APPEAL by plaintiff from a judgment of the Appellate Court, First District, affirming a judgment of the Municipal Court of Chicago, (Cook, J.) in favor of defendant in an action brought to recover the amount alleged to be due on a certificate of deposit. Reversed.

The facts are stated in the opinion of the court.
Messrs. Knapp & Campbell, John R.
Cochran, and Leonard Ferris Martin
for appellant.

Messrs. Judah, Willard, Wolf, &
Reichmann for appellee.

Cartwright, J., delivered the opin

ion of the court:

The appellant, W. H. Emerson,

23 A.L.R.-1.

brought this suit in the municipal court of Chicago on June 15, 1917, to recover the amount of a certificate of deposit made by the appellee, the North American Transpor

tation & Trading Company, for $10,000 deposited with the defendant on March 31, 1900, at Nome,