Heinbokel v. National Savings, Loan & Bldg. Ass'n
Supreme Court of Minnesota
Appeal by plaintiff, Claus Heinbokel, from an order of the District Court of Ramsey County, William Louis Kelly, J., made March 10, 1894, denying his motion for a new trial. Plaintiff: on July 1, 1889, purchased twenty shares of the installment stock of the defendant, the National Savings Loan and Building Association of St. Paul, of the par value of $100 each, to be matured by monthly payments of sixty cents on each share.
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Appeal by plaintiff, Claus Heinbokel, from an order of the District Court of Ramsey County, William Louis Kelly, J., made March 10, 1894, denying his motion for a new trial. Plaintiff: on July 1, 1889, purchased twenty shares of the installment stock of the defendant, the National Savings Loan and Building Association of St. Paul, of the par value of $100 each, to be matured by monthly payments of sixty cents on each share. No loan has ever been made or procured upon or by reason of the stock. He has made all the payments required amounting to $564, and in addition thereto has paid all other…
1Opinion of the CourtCollins, J.
Section 4 of article 2 of defendant’s by-laws reads as follows: “A shareholder may withdraw at any time upon giving sixty (60) days’ notice in writing to the association, when he shall receive the amount of the installments actually paid in by him on such shares, together with the interest thereon, if any, at the rate fixed by the board of directors, standing to the credit of his shares at last preceding adjustment of profits, less all fines and fees, amount paid in on expense account, and a proportional part of the losses, if any, and other charges accrued subsequent to said last preceding…
2Cases cited1 opinion
- Shute v. Princeton TownshipSupreme Court of Minnesota · 1894
3Cited by31 opinions
- Lacey v. State Banking BoardTexas Supreme Court · 1928
- Engelhardt v. Fifth Ward Permanent Dime Saving & Loan Ass'nNew York Court of Appeals · 1896
- Rabbitt v. WilcoxenSupreme Court of Iowa · 1897
- Andrews v. Roanoke Building Ass'n & Investment Co.Supreme Court of Virginia · 1900
- Rocker v. Cardinal Building & Loan Ass'nSupreme Court of New Jersey · 1935
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