Legal Opinion
Michigan Building & Savings Ass'n v. McDevitt
Michigan Supreme Court
Decided October 18, 1889PublishedCited by 3 opinions
Appeal from Jackson. (Peck, J.) Bill to foreclose a mortgage. Defendants appeal. The facts are stated in the opinion.
1Opinion of the CourtOhamplin, J.
The complainant is a corporation organized under Act No. 306, Laws of 1877, being chapter 119, How. Stat. The act is entitled—
“An act to authorize the incorporation of co-operative savings associations.”
Section 1 declares the purpose to be that—
“Of saving and investing among themselves, and accumulating sums to be paid at intervals of not exceeding one month, by its members, in proportion to their interests in the funds to be invested or accumulated.”
By section 3 the persons associating are required to state in théir articles—
“The name, location, and place of business of such corporation; the…
2Cases cited5 opinions
- Security Loan Ass'n v. LakeSupreme Court of Alabama · 1881
- Mills v. Salisbury Building & Loan Ass'nSupreme Court of North Carolina · 1876
- Gordon v. Winchester Building & Accumulating Fund Ass'nCourt of Appeals of Kentucky · 1876
- Pfeister v. Wheeling Building Ass'nWest Virginia Supreme Court · 1882
- Lincoln Building & Saving Ass'n v. BenjaminNebraska Supreme Court · 1878
3Cited by3 opinions
- In Re Estate of PierceSupreme Court of Iowa · 1953
- Price v. KirkhamSupreme Court of Iowa · 1941
- In Re Estate of TrindleSupreme Court of Iowa · 1941