Meares v. . Butler
Supreme Court of North Carolina
Civil action to foreclose a mortgage, tried before Adams, J., at the Superior Court, February Term, 1898, of Sampson County. C. T. Butler, one of the defendants, became a cor-porator and a borrower of the Carolina Inter-State B. and L. Association, and his wife, Ella Lee Butler, also defendant, joined him in a mortgage of her land to secure the debt.
Read the full summary
Civil action to foreclose a mortgage, tried before Adams, J., at the Superior Court, February Term, 1898, of Sampson County. C. T. Butler, one of the defendants, became a cor-porator and a borrower of the Carolina Inter-State B. and L. Association, and his wife, Ella Lee Butler, also defendant, joined him in a mortgage of her land to secure the debt. The Association failed and passed into the hands of the plaintiffs, Receivers, duly appointed, who instituted this action to subject the land to the payment of C. T. Butler’s debt — the balance due, after allowance of all deductions by way of…
1Opinion of the Court
Eurches, J.:
It is astonishing to see what amount of litigation can grow out of an insolvent Building and Loan Association. The first case that came before us, growing out of this association, was Strauss v. B. & L. Asso., 117 N. C., 308. In that case the Court .undertook to mark out the principles upon which the concern should be wound up and settled. And while the principles laid down in that case established the rules upon which the same should be settled, there are still troublesome questions arising all along the line. The last deliverance of this Court upon questions growing out of the…
2Cases cited6 opinions
- Strauss v. Carolina Inter-State Building & Loan Ass'nSupreme Court of North Carolina · 1895
- Smith v. Old Dominion Building & Loan Ass'nSupreme Court of North Carolina · 1896
- Roberts v. Life Insurance Co.Supreme Court of North Carolina · 1896
- Hinton v. . GreenleafSupreme Court of North Carolina · 1893
- Hedrick v. . ByerlySupreme Court of North Carolina · 1896
1 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Fleming v. . BardenSupreme Court of North Carolina · 1900
- Bank v. . LovenSupreme Court of North Carolina · 1916
- Peoples Bank v. LovenSupreme Court of North Carolina · 1916
- Flemming v. BordenSupreme Court of North Carolina · 1900
- New Bern Building & Loan Ass'n v. BlalockSupreme Court of North Carolina · 1912
2 more not listed; retrieve them via the Exa API.