York Trust, Real Estate & Deposit Co. v. Gallatin
Supreme Court of Pennsylvania
Appeal, No. 56, Jan. T., 1897, by defendant, from judgment of C. P. York Co., Aug. T., 1896, No. 78, on case stated. Fell, J., dissents. Case stated on amicable seire facias to revive judgment. The case stated was as follows : First: The defendant, on September 26,1890, subscribed for twenty-five shares of tbe capital stock of the 15th series of the Anchor Building & Loan Association, of the par value of §105 each.
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Appeal, No. 56, Jan. T., 1897, by defendant, from judgment of C. P. York Co., Aug. T., 1896, No. 78, on case stated. Fell, J., dissents. Case stated on amicable seire facias to revive judgment. The case stated was as follows : First: The defendant, on September 26,1890, subscribed for twenty-five shares of tbe capital stock of the 15th series of the Anchor Building & Loan Association, of the par value of §105 each. Said association has been duly incorporated according to law, as a building and loan association. Second: On October 10, 1890, tbe defendant borrowed from said association bis said…
1Opinion of the Court
Opinion by
Mr. Chiee Justice Stebbett,
This appeal from judgment of the court below, on the case stated in an amicable scire facias sur judgment on bond to the Anchor Building and Loan Association, involves the construction of a clause in said bond providing for the appropriation of *157payments in liquidation of the debt evidenced by the bond. The facts appear in the case stated and need not be recited here.
When the question as to the effect of such payments on building and loan association stock first arose in this state it was held that all payments were to be credited to the debt created by the…
2Cases cited10 opinions
- Strohen v. Franklin Saving Fund & Loan Ass'n ex rel. McKinleySupreme Court of Pennsylvania · 1887
- Early & Lane's AppealSupreme Court of Pennsylvania · 1879
- Watkins v. Workingmens' Building & Loan Ass'nSupreme Court of Pennsylvania · 1881
- North America Building Ass'n v. SuttonSupreme Court of Pennsylvania · 1860
- Chase v. Petroleum BankSupreme Court of Pennsylvania · 1870
5 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Erthal v. GlueckSuperior Court of Pennsylvania · 1899
- Freemansburg Building & Loan Ass'n v. WattsSupreme Court of Pennsylvania · 1901
- Sullivan & Sons Manufacturing Co. v. Ideal Building & Loan Ass'nSupreme Court of Pennsylvania · 1933
- Kurtz v. CampbellSupreme Court of Pennsylvania · 1907
- Black's EstateSupreme Court of Pennsylvania · 1941
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