Columbian Building & Loan Co. v. Burke

It may be here noted that §9468, GC, authorizes building and loan associations organized under the laws of Ohio “to receive money on deposits,” and §9652, GC, authorizes such associations.

“to permit withdrawal of deposits upon such terms and conditions as the association provides except by check or draft. But no *391such association shall be permitted to carry for any member or depositor any demand, commercial or checking account. Nothing in this chapter shall prevent members or depositors from withdrawing funds by nonncgotiable orders.”

The one question raised by the demurrer is whether or not…