Bunnell v. Collinsville Savings Society
Supreme Court of Connecticut
Assumpsit for money had and received, brought to the Court of Common Pleas for Hartford county. On the trial the' court (Briscoe, J.) found the following facts: The defendant is a savings bank duly incorporated by the legislature of this state by special charter in 1853, and located in the village of Collinsville in the town of Canton, and was duly organized under its charter, and commenced business in the same year.
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Assumpsit for money had and received, brought to the Court of Common Pleas for Hartford county. On the trial the' court (Briscoe, J.) found the following facts: The defendant is a savings bank duly incorporated by the legislature of this state by special charter in 1853, and located in the village of Collinsville in the town of Canton, and was duly organized under its charter, and commenced business in the same year. At the time of its organization Seth P. Norton was duly appointed treasurer .thereof, and continued to hold that office and to transact the business of the bank to the time of Ms…
1Opinion of the CourtPark, J.
We think the facts found by the court below clearly show that judgment should be rendered for the defendant. In the case of Coitey. Society for Savings, 32 Conn.,173, the court say that saving societies “ are in fact large, incorporated agencies for receiving and loaning money on account of their owners. They have no stock and no capital.” * * * £‘ They are merely places of deposit where money can be left to remain or be taken out at the pleasure of the owner.” Their assets consist in loans of money made by them for the benefit of their depositors from whom the money was derived. In case.of…
2Cited by13 opinions
- Radalj v. Union Savings & Loan Ass'nWyoming Supreme Court · 1943
- Osborn v. ByrneSupreme Court of Connecticut · 1875
- Lewis v. Lynn Institution for SavingsMassachusetts Supreme Judicial Court · 1889
- Cogswell v. Rockingham Ten Cents Savings-BankSupreme Court of New Hampshire · 1879
- McCaskill v. Connecticut Savings BankSupreme Court of Connecticut · 1891
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