Kornegay v. Georgia State Building & Loan Ass'n
Mississippi Supreme Court
From the circuit court of Lauderdale county. Hon. Bobert F. Cochran, Judge. Mrs. Kornegay, the appellant, was plaintiff in the court below; the Georgia State Building and Loan Association, a corporation, the appellee, was defendant there. From a judgment in defendant’s favor, predicated of a peremptory instruction, the plaintiff appealed to the supreme court.
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From the circuit court of Lauderdale county. Hon. Bobert F. Cochran, Judge. Mrs. Kornegay, the appellant, was plaintiff in the court below; the Georgia State Building and Loan Association, a corporation, the appellee, was defendant there. From a judgment in defendant’s favor, predicated of a peremptory instruction, the plaintiff appealed to the supreme court. On June 18, 1903, appellant, a member of the appellee association, owning seventeen shares of its stock, borrowed from it $1,700, under a contract binding her to repay the same with interest in ninety-six equal monthly installments of…
1Opinion of the CourtWhitfield, C. J.
Section 14, article 7, of the by-laws of the appellee association, which are made a part of the bond and deed of trust in the ease, expressly stipulates that a borrower who may desire to repay a loan before the day of maturity fixed in the contract may do so, but only at annual periods from the date of making the contract, and then only upon giving ninety days’ definite written notice that he so desires, in advance of such period, to the appellee’s home office. The appellant had no right in law to compel the acceptance by the appellee of payment before maturity, . and in the case before us…
2Cases cited2 opinions
- Savannah Savings Bank v. LoganSupreme Court of Georgia · 1896
- Keckley v. Union BankSupreme Court of Virginia · 1884
3Cited by3 opinions
- Beck v. TuckerMississippi Supreme Court · 1927
- Hood v. First National BankMississippi Supreme Court · 1950
- Denley v. Peoples Bank of IndianolaMississippi Supreme Court · 1989