Legal Opinion
Savings Investment, C., Co. v. Associated, C.
New Jersey Court of Chancery
Decided June 5, 1937PublishedCited by 1 opinion
1Opinion of the Court
Associated Bankers Title and Mortgage Guaranty Company of the Oranges (hereinafter designated as Associated) is engaged in the business of selling its guaranteed mortgage bonds. These bonds (now in the hands of numerous investors), represent the primary obligation of the company and are secured by groups of bonds and mortgages deposited by it with Savings Investment and Trust Company of New Jersey (hereinafter designated as Savings).
In 1932 six separate series of mortgage bonds numbered as Series 1 A, 1 B, 2 B, 3 A, 4 A, 5 B and 6 B, were issued. The majority of the bonds so issued are still…
2Cases cited12 opinions
- Home Building & Loan Assn. v. BlaisdellSupreme Court of the United States · 1934
- Manigault v. SpringsSupreme Court of the United States · 1905
- Union Dry Goods Co. v. Georgia Public Service Corp.Supreme Court of the United States · 1919
- State Ex Rel. State Board of Milk Control v. Newark Milk Co.Supreme Court of New Jersey · 1935
- Gibbes v. ZimmermanSupreme Court of the United States · 1933
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3Cited by1 opinion
- In Re Mortgage Guaranty, C., Rehabilitation ActNew Jersey Court of Chancery · 1947