Ideal Savings & Homestead Ass'n v. Gould

Defendant Gould had for many years been secretary-treasurer of the Ideal Savings & Homestead Association. It was discovered that there were large discrepancies in his accounts, and that he was indebted to the association for a sum in excess of $55,000. In an effort to settle his differences with the association, Gould agreed to transfer to the association all of his property in the parish of Orleans. In the carrying out of this agreement a notarial act of transfer was passed, and under this act he transferred to the association certain properties specifically described and “all other real…