Latham v. Washington Building & Loan Ass'n
Supreme Court of North Carolina
Civil Action tried at Spring Term, 1877, of Beaufort .■Superior Court, before Eure, J. Elizabeth J. Latham, the wife of plaintiff, was a member -of the defendant association, and transacted her business ■with the same through her husband. She continued to pay • dues of one dollar per month, on each share of stock owned "by her, until the first Monday in October, 1872, as required by the by-laws of the association.
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Civil Action tried at Spring Term, 1877, of Beaufort .■Superior Court, before Eure, J. Elizabeth J. Latham, the wife of plaintiff, was a member -of the defendant association, and transacted her business ■with the same through her husband. She continued to pay • dues of one dollar per month, on each share of stock owned "by her, until the first Monday in October, 1872, as required by the by-laws of the association. At that date she borrowed ..of the association $204 for which she executed a bond for $400 •with the written assent of her husband, conditioned that she .should pay four dollars per…
1Opinion of the CourtReade, J.
In Mills v. The Salisbury Building and Loans Association, 75 N. C. 292, it was decided that that assoeia tion, which was substantially like the association in this case, was not such as was contemplated by the statute under which it and this were organized. And that its-contracts with those who dealt with it under its by-laws and regulations could not be supported by the Courts. And because such associations were numerous and embraced a ■ large amount of capital and business transactions, it was suggested that their existing contracts should be settled upon a-liberal and just basis, and…
2Cases cited1 opinion
- Mills v. Salisbury Building & Loan Ass'nSupreme Court of North Carolina · 1876
3Cited by5 opinions
- Heggie v. . Building and Loan AssociationSupreme Court of North Carolina · 1890
- Hollowell v. Southern Building & Loan Ass'nSupreme Court of North Carolina · 1897
- Brundage v. BurkeWashington Supreme Court · 1895
- Dickerson v. Raleigh Co-Operative Land & Building Ass'nSupreme Court of North Carolina · 1883
- Dickerson v. . Building AssociationSupreme Court of North Carolina · 1883