Hohauser v. Municipal Credit Union

Although the submission of this controversy by means of an agreed statement of facts is somewhat meagre and vague, we have concluded in view of the importance of the law question presented, which it is desirable should be settled, to take jurisdiction of the controversy.

Plaintiff is a city marshal, and defendant is a domestic banking corporation whose business' is to make loans to its members, who give therefor their promissory notes. It recovered judgment in the Municipal Court of the City of New York against certain individuals for a sum of money and execution thereon was delivered to…