Cason v. Seldner
Supreme Court of Virginia
Appeal from decree of corporation court of Norfolk city, entered 18th October, 1879, and decree entered 20th February, 1880, in a suit in equity, wherein Lippman Seldner, trustee for Eva Seldner, wife of Lewis Seldner, and T. J. Maurice, are plaintiffs, and the appellant, B. F. Cason and others, are defendants.
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Appeal from decree of corporation court of Norfolk city, entered 18th October, 1879, and decree entered 20th February, 1880, in a suit in equity, wherein Lippman Seldner, trustee for Eva Seldner, wife of Lewis Seldner, and T. J. Maurice, are plaintiffs, and the appellant, B. F. Cason and others, are defendants. In October, 1867, the Mechanics Building and Loan Association was organized in said city, under act of assembly in such cases provided, and constitution and by-laws adopted. It was conducted in the usual manner; monthly instalments on stock paid by its members; shares redeemed by…
1Opinion of the Court
Lewis, P.,
delivered the opinion of the court.
The appellant was the owner of ten shares of stock of the Mechanics Building and Loan Association of Norfolk, which in March, 1868, were redeemed for $1,000.
The articles of association are similar to the articles of like associations organized and doing business under the laws of Virginia.
The stockholders are required to pay monthly the sum of one dollar each, and those whose shares have been redeemed are required to pay in addition the interest monthly on the sums advanced them respectively in the redemption of their shares. These payments are to…
2Cases cited1 opinion
- White v. Mech. Building Fund Ass'nSupreme Court of Virginia · 1872
3Cited by11 opinions
- Martin v. South Salem Land Co.Supreme Court of Virginia · 1896
- Lime City Building, Savings & Loan Ass'n v. WagnerIndiana Supreme Court · 1890
- Pacific States Savings, Loan & Bldg. Co. v. GreenCourt of Appeals for the Ninth Circuit · 1903
- Day v. National Mutual Building & Loan Ass'nWest Virginia Supreme Court · 1903
- Fidelity Savings Ass'n v. Bank of CommerceWyoming Supreme Court · 1904
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