Reitz v. Hayward
Missouri Court of Appeals
Appeal from Phelps Circuit Court. — Row. L. B. Woodsicle,, Judge. (1) The rule that a borrowing stockholder will not be permitted to recoup his indebtedness by the amount of his payments on shares- of stock issued to him, is the universal law governing the administration of the affairs of insolvent building and loan associations. H. S. Building & Loan Ass’n v. Reed, 62 S.- W. 1020; TJ.
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Appeal from Phelps Circuit Court. — Row. L. B. Woodsicle,, Judge. (1) The rule that a borrowing stockholder will not be permitted to recoup his indebtedness by the amount of his payments on shares- of stock issued to him, is the universal law governing the administration of the affairs of insolvent building and loan associations. H. S. Building & Loan Ass’n v. Reed, 62 S.- W. 1020; TJ. S. Building & Loan Ass’n v. Brunner, 64 S. W. 996; Farmer’s Savings and Building Ass’n v. Ferguson, 63 S. W. 997; Williamson v. Globe Building & Loan Company, 64 S. W. 298; Columbia Finance & Trust Company v.…
1Opinion of the CourtGoode, J.
Victor Reitz, the respondent, was a stockholder and borrower in the Aetna Loan Company, with which company he negotiated a loan of five hundred dollars, March 9, 1894, and gave his note for said sum on said date, secured by deed of trust on a property he owned in the town of St. James, Missouri. The note provided that he should pay the company ten years after date, or sooner, said sum with interest at the rate of six per cent per annum, payable monthly on the fifth day of each month, in installments of two dollars and fifty cents.
Reitz owned two shares of stock in the Aetna company of the par…
2Cases cited18 opinions
- Towle v. American Bldg., Loan & Inv. Soc.District Court, N.D. Illinois · 1894
- Hohenshell v. Home Savings & Loan Ass'nSupreme Court of Missouri · 1897
- Bertche v. Equitable Loan & Investment Ass'nSupreme Court of Missouri · 1898
- Rogers v. HargoTennessee Supreme Court · 1891
- E. T. Barnum Wire & Iron Works v. SpeedMichigan Supreme Court · 1886
13 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Sconce v. JonesSupreme Court of Missouri · 1938
- Fitzgerald v. State Mutual Building & Loan Ass'nNew Jersey Court of Chancery · 1909
- Gary v. VerityMissouri Court of Appeals · 1903
- Huber v. Home Savings & Loan Ass'nWashington Supreme Court · 1918
- Layton v. HoughMissouri Court of Appeals · 1912
4 more not listed; retrieve them via the Exa API.