Culhane v. Equitable Life Assurance Society of the United States

The question involved in this -case is the effective, date of chapter 207, Laws of 1937, commonly known as the moratorium law. The purpose o*f this act, as stated in its title, is to extend “the Period of Redemption from Foreclosure and Execution Sales of Real Estate During an Emergency Declared to Exist.” The only portions of the act with which we are concerned at this time are the preamble and section 14, the last section of the act, which in part purports to put the act into immediate effect upon its passage and approval. The preamble and section 14 read, as follows:

“Whereas, the several…