Johnson v. Sharon Building Ass'n
Superior Court of Pennsylvania
Appeal No. 222, Oct. T., 1900, by defendant, from judgment of C. P. Delaware Co., March T., 1898, No. 156, on verdict for plaintiff in case of Paul D. Johnson to use of Samuel Johnson v. The Sharon Building Association. Assumpsit to recover tbe value of certain shares of stock of a building and loan association.
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Appeal No. 222, Oct. T., 1900, by defendant, from judgment of C. P. Delaware Co., March T., 1898, No. 156, on verdict for plaintiff in case of Paul D. Johnson to use of Samuel Johnson v. The Sharon Building Association. Assumpsit to recover tbe value of certain shares of stock of a building and loan association. Before Clayton, P. J. At the trial it appeared that in December, 1888, Paul D. Johnson subscribed for twelve shares of the stock of the Sharon Building Association, and borrowed from the association $2,400 for which he assigned his shares as collateral security. He also executed a…
1Opinion of the Court
Opinion by
W. D. Porter, J.,
The learned judge of the court below directed a verdict for the plaintiff, subject to the opinion of the court upon two questions of law reserved: “ 1. Whether the association, when the stock was canceled, was bound to give the mortgagee credit for the withdrawal value, including profits, or only credit for the amount actually paid in. 2. Whether the association had the right, as against the right of the assignee of the stock, to apply the entire value of the stock to the payment of the mortgage to the benefit of the second mortgage, to the amount of $174.51.” It…
2Cases cited9 opinions
- Erthal v. GlueckSuperior Court of Pennsylvania · 1899
- Jennings, Friedman & Stevens ex rel. Mercantile Trust Co. v. LoefflerSupreme Court of Pennsylvania · 1898
- Early & Lane's AppealSupreme Court of Pennsylvania · 1879
- Watkins v. Workingmens' Building & Loan Ass'nSupreme Court of Pennsylvania · 1881
- Economy Building Ass'n ex rel. Smyth v. HungerbuehlerSupreme Court of Pennsylvania · 1880
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3Cited by4 opinions
- Auto Building & Loan Ass'n v. HallSuperior Court of Pennsylvania · 1934
- Bartram Building & Loan Ass'n v. NolenSupreme Court of Pennsylvania · 1930
- Folsom Building & Loan Ass'n v. GogelSuperior Court of Pennsylvania · 1904
- Stalwart B. & L. Ass'n v. BorbeckSuperior Court of Pennsylvania · 1936