Iowa Savings & Loan Ass'n v. Curtis
Supreme Court of Iowa
Appeal from Cass District Court.- — ILon. N. W. Macy, Judge. The plaintiff is a mutual loan association organized under the laws of Iowa. The defendant is a member of the association, and was prior to March 24, 1890, and owned ten shares of its stock, of one hundred dollars per share.
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Appeal from Cass District Court.- — ILon. N. W. Macy, Judge. The plaintiff is a mutual loan association organized under the laws of Iowa. The defendant is a member of the association, and was prior to March 24, 1890, and owned ten shares of its stock, of one hundred dollars per share. On that day she contracted a loan from the plaintiff of six hundred dollars, and pledged as security therefor six of her ten shares of stock, and also executed to plaintiff a mortgage, on certain property in the city of Atlantic, as further security therefor. The note and mortgage refer to the articles of…
1Opinion of the CourtGranger, J.
1 *5082 *507I. The case of Association v. Heidt, 107 Iowa, 297, disposes of a part of the questions presented in this appeal, such as usury and the effect of the curative act passed by the Twenty-seventh General Assembly. See Acts Twenty-seventh General Assembly, chapter 48. That case holds that what might otherwise be usury is cured by the act referred to. It is pleaded by defendant that the plaintiff, when the loan was made, was not a “mutual building association,” so as to come within the provisions of the law on that subject. It does appear that at its organization, in August, 1889, the…
2Cases cited1 opinion
- Iowa Savings & Loan Ass'n v. HeidtSupreme Court of Iowa · 1899
3Cited by5 opinions
- Windsor v. City of Des MoinesSupreme Court of Iowa · 1900
- Edworthy v. Iowa Savings & Loan Ass'nSupreme Court of Iowa · 1901
- Iowa Savings & Loan Ass'n v. SelbySupreme Court of Iowa · 1900
- Guaranty Savings & Loan Ass'n of Minneapolis v. AschermanSupreme Court of Iowa · 1899
- Bacon v. Iowa Savings & Loan Ass'nSupreme Court of Iowa · 1903