Lanigan v. Apollo Savings

This appeal is taken from a judgment of the circuit court of Cook County finding, inter alia, that claimant, Federal Savings and Loan Insurance Corporation (hereinafter FSLIC), was not entitled to interest as assignee of insured withdrawable capital account holders of defendant, Apollo Savings — a state-chartered association (hereinafter Apollo). This finding was predicated upon the court’s conclusion that the status of the holders of withdrawable capital accounts under the Illinois Savings and Loan Act (hereinafter I.S.L.A.) (Ill.Rev.Stat. 1969, ch. 32, par. 701 et seq.) was that of…