Engelhardt v. Fifth Ward Permanent Dime Saving & Loan Ass'n
New York Court of Appeals
Appeal from judgment of the General Term of the Superior Court of Buffalo, entered upon an order made June 12, 1893, which reversed a judgment in favor of defendant entered upon a decision of the Municipal Court of Buffalo. The nature of the action and the facts, so far as material,, are stated in the opinion.
Read the full summary
Appeal from judgment of the General Term of the Superior Court of Buffalo, entered upon an order made June 12, 1893, which reversed a judgment in favor of defendant entered upon a decision of the Municipal Court of Buffalo. The nature of the action and the facts, so far as material,, are stated in the opinion. The articles of association adopted and filed by the defendant gave it its corporate existence, and were a binding contract between the corporation and its shareholders. (Laws of 1851, chap. 122; Livingston v. Lynch, 4 Johns. Ch. 573; M. Nat. Bank, v. Schenectady Bank, 78 Hun, 90;…
1Opinion of the Court
Andrews, Ch. J.
The defendant is a saving and loan association, organized February 25, 1890, under the act, chap. 122 of the Laws of 1851, entitled “ An act for the incorporation of building, mutual loan and accumulating fund associations,” and acts amending the same. Its generad purpose ivas to encourage small savings, and to accomplish this purpose it was provided in the articles of association that the membership should consist of persons who should subscribe for one or more shares of one hundred dollars each, to be paid for in weekly payments of ten cents on each share, and each member was…
2Cases cited1 opinion
- Heinbokel v. National Savings, Loan & Bldg. Ass'nSupreme Court of Minnesota · 1894
3Cited by33 opinions
- Ayers v. Grand Lodge of the Ancient Order of United WorkmenNew York Court of Appeals · 1907
- Southern Building & Loan Ass'n v. PriceCourt of Appeals of Maryland · 1898
- Treigle v. Acme Homestead Ass'nSupreme Court of Louisiana · 1935
- Andrews v. Roanoke Building Ass'n & Investment Co.Supreme Court of Virginia · 1900
- Healy v. Eastern Building & Loan Ass'nSuperior Court of Pennsylvania · 1901
28 more not listed; retrieve them via the Exa API.