Massillon Savings & Loan Co. v. Imperial Finance Co.

For the purpose of this decision various dates involved in the transaction become important. On March 31,1923, the contract entered into between the parties was valid. It was neither malum in se nor malum prohibitum. However, before this contract had been executed, and while it still remained executory, and before the membership sales had been completed, the Legislature of this state passed a law prohibiting the sale of memberships for a fee or compensation. This law became effective on July 2, 1923, and at a time when these memberships still remained unsold. In the case of State ex rel.…