Legal Opinion

Nickel v. Mutual Protective Building & Loan Ass'n

Baltimore City Circuit Court

Decided July 9, 1903Published

1Opinion of the Court

DOBLER, J.—

The sole question for determination in this case is the principle upon which the account between the parties is to be 'stated. The defendant is- a building association.

The plaintiff, Rhoda Nickel, 'is the holder of four shares of Instalment Stock, Class A, in the association. She obtained as an advance upon said shares their full par value, and executed, with her husband, a mortgage to secure the payments necessary to mature said shares according to the scheme of the association. This scheme provided for the payment of monthly instalments of fifty cents per share as dues, fifty…

2Cases cited2 opinions

  1. Robertson v. American Homestead Ass'nCourt of Appeals of Maryland · 1857
  2. Border State Perpetual Building Ass'n v. McCarthyCourt of Appeals of Maryland · 1882

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