Legal Opinion
Korth v. Zion's Savings Bank & Trust Co.
Court of Appeals for the Tenth Circuit
Decided March 5, 1945No. 3065PublishedCited by 10 opinions
1Opinion of the Court
BRATTON, Circuit Judge.
In 1928, Zion’s Savings Bank and Trust Company, of Salt Lake City, Utah, made a loan of $50,000, secured by a mortgage on a hotel in Ogden, Utah. Some additional funds were advanced from time to time; some payments were made; and prior to 1939, amounts aggregating $10,-914.83 in connection with the loan were charged off on the books of the bank but the charge-offs did not result in any tax benefit to the bank for the years in which they were made. The mortgage was foreclosed, and the property was sold in 1939. The bank bid $53,500, approximately the amount due on the…
2Cases cited1 opinion
- Davies v. LahannCourt of Appeals for the Tenth Circuit · 1944
3Cited by10 opinions
- Bratt v. Western Air Lines, Inc.Court of Appeals for the Tenth Circuit · 1946
- Millers' National Insurance Company, Chicago, Illinois, and Cross-Appellees v. The Wichita Flour Mills Company, and Cross-Appellant. The Wichita Flour Mills Company, and Cross-Appellant v. Millers' National Insurance Company, Chicago, Illinois, and Cross-AppelleesCourt of Appeals for the Tenth Circuit · 1958
- The Atchison, Topeka and Santa Fe Railway Company, a Corporation v. Jessie W. JacksonCourt of Appeals for the Tenth Circuit · 1956
- Chapman v. United StatesCourt of Appeals for the Tenth Circuit · 1948
- Millers' National Insurance v. Wichita Flour Mills Co.Court of Appeals for the Tenth Circuit · 1958
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