Prairie State Loan & Building Ass'n v. Nubling
Illinois Supreme Court
Appeal from the Appellate Court for the First District;—heard in that court on appeal from the Superior Court of Cook county; the Hon. Theodore Brent ano, Judge, presiding. Appellant is a corporation duly organized under the Homestead Loan Association act. In January, 1886, Leon Nubling became a member of the association, subscribing for twenty shares of the stock of said association of the fifteenth series.
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Appeal from the Appellate Court for the First District;—heard in that court on appeal from the Superior Court of Cook county; the Hon. Theodore Brent ano, Judge, presiding. Appellant is a corporation duly organized under the Homestead Loan Association act. In January, 1886, Leon Nubling became a member of the association, subscribing for twenty shares of the stock of said association of the fifteenth series. Upon these twenty shares he made regular payments of §10 per month to one Jacob David, the secretary, until July 14, 1892, when David departed from the State, having embezzled the funds…
1Opinion of the CourtChief Justice Phillips
The only questions necessary to be considered in the determination of the issues in this case are, whether there was such a cancellation of the stock of appellee in this association as amounted to a bar of his right to recover the money before then paid,—a withdrawal of his membership from the association so that all payments of dues thereafter were unauthorized; and also whether or not the purchase by him from the secretary of this building association of stock presented by another party for cancellation gave him the right or title thereto.
In our view of the case the master in chancery, the…
2Cited by4 opinions
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