U. S. Building & Loan Ass'n Assignee v. U. S. Building & Loan Ass'n
Court of Appeals of Kentucky
Case 40 — Action for Settlement of an Assigned Estate APPEAL PROM JEFFERSON CIRCUIT COURT, COMMON PLEAS DIVISION. Action by the Columbia Finance & Trust Co., Assignee of the U. S. Building & Loan Association against Samuel Stofer and others for a Settlement of the Assigned Estate.
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Case 40 — Action for Settlement of an Assigned Estate APPEAL PROM JEFFERSON CIRCUIT COURT, COMMON PLEAS DIVISION. Action by the Columbia Finance & Trust Co., Assignee of the U. S. Building & Loan Association against Samuel Stofer and others for a Settlement of the Assigned Estate. From a Judgment allowing claims of L. W. Paul and Sophia Breiime, Plaintiff Appeals. 1. Obtaining judgment against assignor, after a general assignment, creates no lien upon the assets in the hands of the assignee. The assignee not being a party to the action. 2. Such judgments rendered on claims arising out of the…
1Opinion of the Court
Opinion op the court by
CHIEF JUSTICE HAZELRIGG
Affirming.
Tbe appellee Paul was the owner of fifteen shares of stock in the Fnited States Building & Loan Association, and on October 10, 1892, borrowed from the association the sum of $1,500, pledging the stock as collateral, and executing a mortgage on certain real estate to secure the loan. After making some thirty-four monthly payments, of $15 each, as interest and premiums, she on July 12, 1895, paid off the loan, and procured the release of her stock and mortgage by paying the association the sum of $1,500 in cash. She then continued to pay…
2Cases cited1 opinion
- Peoples' Sawing & Building Ass'n v. DentonCourt of Appeals of Kentucky · 1899