Legal Opinion
Burlington County Country Club v. Midlantic National Bank South
New Jersey Superior Court Appellate Division
Decided December 14, 1987PublishedCited by 9 opinions
1Opinion of the Court
HAINES, A.J.S.C.
The Burlington County Country Club (“club”) issued a series of 51 (out of an offering of 75) $1000, 6%, 20-year mortgage bonds on July 1, 1930. A mortgage covering the club’s golf course secured the bonds. Burlington City Loan and Trust Company, the original trustee named in the mortgage, has been replaced by Midlantic National Bank South,
The bonds, as well as the mortgage called for semi-annual interest payments commencing January 1, 1932, with the entire principal due July 1, 1950. No interest or principal has ever been paid in accordance with these terms but most of the…
2Cases cited17 opinions
- Renault v. L. N. Renault & Sons, Inc.Court of Appeals for the Third Circuit · 1951
- Fidelity Union Trust Co. v. FitzpatrickSupreme Court of New Jersey · 1946
- Lake Waterloo Corp. v. KestenbaumSupreme Court of New Jersey · 1952
- Trenton Banking Co. v. RittenhouseSupreme Court of New Jersey · 1921
- Denville Amusement Co., Inc. v. FogelsonNew Jersey Superior Court Appellate Division · 1964
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3Cited by9 opinions
- Baker v. Monroe TownshipCourt of Appeals for the Third Circuit · 1995
- Baker v. Monroe TownshipCourt of Appeals for the Third Circuit · 1995
- Peck v. DonovanCourt of Appeals for the Third Circuit · 2012
- Genova v. Total Card, Inc.District Court, D. New Jersey · 2016
- DVL, INC. v. MutnickDistrict Court, S.D. New York · 2000
4 more not listed; retrieve them via the Exa API.