Legal Opinion
Puerto Rico v. Federal Land Bank
Court of Appeals for the First Circuit
Decided December 15, 1939No. Nos. 3458, 3459PublishedCited by 4 opinions
1Opinion of the Court
MAGRUDER, Circuit Judge.
The plaintiff bank in these two cases became the holder of real estate mortgages given to secure long-term loans. At the times when the bank acquired these security interests, 1928 in the first case and 1925 in the second, Puerto Rico had an unusual provision - of law relating to liens for real estate taxes. Section 315 of the Political Code provided:
“ * * * The tax that is assessed for the current fiscal year, and for the three prior fiscal years, against' each piece or parcel of real property, including any improvements that may be thereon, or that may be…
2Cases cited9 opinions
- Provident Institution for Savings v. Mayor of Jersey CitySupreme Court of the United States · 1885
- City of Seattle v. KelleherSupreme Court of the United States · 1904
- Florida Central & Peninsular Railroad v. ReynoldsSupreme Court of the United States · 1902
- Baldwin v. MoroneyIndiana Supreme Court · 1910
- Wabash Eastern Railway Co. v. Commissioners of East Lake Fork Special Drainage DistrictIllinois Supreme Court · 1890
4 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Erie v. Piece of LandSupreme Court of Pennsylvania · 1940
- San Geronimo Development Co., Inc. v. Treasurer of Puerto RicoCourt of Appeals for the First Circuit · 1956
- Saunders v. Air-Flo Co.District Court, N.D. Indiana · 1977
- Puerto Rico v. Bank of Nova ScotiaCourt of Appeals for the First Circuit · 1940