People v. Republic Savings & Loan Ass'n
Appellate Division of the Supreme Court of the State of New York
Appeal by the defendant, the Republic Savings and Loan Association, from an order of the Supreme Court, made at the Kings County Special Term and entered in the office of the clerk of the county of Kings on the 29th day of June, 1900, appointing temporary receivers of the property of the defendant.
1Opinion of the Court
Willard Bartlett, J.:
The defendant is a domestic corporation organized under chapter 122 of the Laws of 1851, which was entitled: “ An act for the incorporation of building, mutual loan and accumulating fund associations.” That statute was repealed when the existing Banking Law was enacted (Laws of 1892, chap. 689, § 215), and associations of this character are now chiefly controlled and regulated by the provisions of the Banking Law.
The present suit has been instituted by the Attorney-General to procure a dissolution of the defendant, on the ground that it is *386unsafe and inexpedient for such…
2Cases cited3 opinions
- People v. Empire Loan & Investment Co.Appellate Division of the Supreme Court of the State of New York · 1897
- People v. Mercantile Co-operative BankAppellate Division of the Supreme Court of the State of New York · 1900
- People v. Bankers' Loan & Investment Co.New York Court of Common Pleas · 1895