George v. Jenks

This action was instituted by a junior mortgagee against the supervisor of banking, the mortgagor, A. J. Sagel, and the Smart Apartments, Inc., to recover on a note the sum of $3,950, with interest thereon at the rate of six per cent per annum. Judgment was entered dismissing the complaint, and the junior mortgagee appeals.

The factual background of the present proceeding has been fully delineated in Hansen v. Smart Apartments, Inc., 185 Wash. 657, 56 P. (2d) 670, and will not be recapitulated here except in so far as is necessary. In that case, the trial court entered judgment on January 29,…