Jenkins v. Union Savings Ass'n
Supreme Court of Minnesota
Action in the district court for Nobles county to cancel a note and mortgage. The case was tried before Nelson, J., who made findings and ordered judgment in favor of defendant. From the judgment entered pursuant to the order for judgment, plaintiff appealed.
1Opinion of the CourtHolt, J.
This action was brought to cancel a note and a mortgage securing it, on the grounds that the loan was usurious and that defendant was not authorized to transact business in this state when the loan was made. Judgment was rendered for defendant, and plaintiff appeals.
The defendant is a building and loan association organized under the laws of South Dakota. It began making loans in Minnesota in 1901, having first fully complied with the provisions of our law, under which defendant unquestionably was authorized to transact business as a building and loan association in this state, so that a loan…
2Cases cited14 opinions
- Gross v. United States Mortgage Co.Supreme Court of the United States · 1883
- Bolles v. BrimfieldSupreme Court of the United States · 1887
- Mechanics' & Working-Men's Mutual Savings Bank & Building Ass'n v. AllenSupreme Court of Connecticut · 1859
- United States Mortgage Co. v. GrossIllinois Supreme Court · 1879
- G. Heileman Brewing Co. v. PeimeislSupreme Court of Minnesota · 1901
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3Cited by3 opinions
- United Realty Trust v. Property Development & Research Co.Supreme Court of Minnesota · 1978
- State v. RiversSupreme Court of Minnesota · 1939
- Baker v. RodgersSupreme Court of Minnesota · 1937