Legal Opinion
Wisconsin Bankers Ass'n v. Mutual Savings & Loan Ass'n
Court of Appeals of Wisconsin
Decided December 29, 1978No. 77-347PublishedCited by 7 opinions
1Opinion of the CourtDecker, C.J.
This appeal presents the issue of the legality of Mutual Savings and Loan Association’s Supreme Account II, an account denominated by the respondent as the N.O.W. account. N.O.W. is an acronym for negotiable order of withdrawal. The challenged account is a service by which a savings and loan depositor can authorize payment from his savings account directly to a third party by issuing a negotiable sight draft drawn on his account and payable to the named payee. Mutual Savings and Loan is the first savings and loan association in Wisconsin to offer this service.
Mutual is a state-chartered…
2Cases cited20 opinions
- Anderson National Bank v. LuckettSupreme Court of the United States · 1944
- Omernik v. StateWisconsin Supreme Court · 1974
- Milwaukee County v. Department of Industry, Labor & Human RelationsWisconsin Supreme Court · 1977
- DeFazio v. Haven Savings and Loan Ass'nSupreme Court of New Jersey · 1956
- Wussow v. Badger State BankWisconsin Supreme Court · 1931
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3Cited by7 opinions
- Wisconsin Bankers Ass'n v. Mutual Savings & Loan Ass'nWisconsin Supreme Court · 1980
- Schaller v. Marine National Bank of NeenahCourt of Appeals of Wisconsin · 1986
- Jackson v. DeWittCourt of Appeals of Wisconsin · 1999
- Washington Bankers Ass'n v. Washington Mutual Savings BankWashington Supreme Court · 1979
- Anheuser-Busch Employees Credit Union v. Federal Deposit InsuranceDistrict Court, W.D. Missouri · 1986
2 more not listed; retrieve them via the Exa API.