Legal Opinion

Domestic Building Ass'n v. Jourdain

Appellate Court of Illinois

Decided October 30, 1903Published

Assumpsit.—For money paid to a building and loan association. Appeal from the Circuit Court of Cook County; the Hon. Edward P. Vail, Judge presiding. Heard in the Branch Appellate Court at the October term, 1902.

1Opinion of the Court

Mr. Presiding Justice Freeman

delivered the opinion of the court.

Appellee became a member of the appellant association, which,' as its name imports, is what is described in the statute as “ a mutual building, loan and homestead association.” (R. S., Chap. 32, Sec. 78 et seq.) Having subscribed for ten shares of one of the series of capital stock, appellee paid into the association the sum of $295 as the payments became due. May 2, 1898, he filed a notice of withdrawal, as he was entitled to do under the act (Section 83a-6b, chapter 32, R. S.) in accordance with which appellant is organized,…

2Cases cited5 opinions

  1. Engelhardt v. Fifth Ward Permanent Dime Saving & Loan Ass'nNew York Court of Appeals · 1896
  2. Heinbokel v. National Savings, Loan & Bldg. Ass'nSupreme Court of Minnesota · 1894
  3. St. Louis Loan & Investment Co. v. YantisIllinois Supreme Court · 1898
  4. Collins v. CobeAppellate Court of Illinois · 1902
  5. St. Louis Loan & Investment Co. v. YantisAppellate Court of Illinois · 1897

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