Maudlin v. American Savings & Loan Ass'n
Supreme Court of Minnesota
Action in the district court for Hennepin county by plaintiff mortgagor against defendant mortgagee to recover an alleged surplus of the amount bid by defendant at mortgage foreclosure sale over the amount due upon the mortgage. The case was tried before Jami-son, J., who found in favor of plaintiff. From a judgment in favor of plaintiff for $2,395.02, defendant appealed.
1Opinion of the CourtMitchell, J.
The defendant is a corporation organized under the laws of this state. The general nature of its business, as ex*359pressed in its articles of association, is “to assist its members in saving and investing money, and in buying and improving real estate, and in procuring money for other purposes by loaning or advancing, under the mutual building society plan, to such of them as may desire to anticipate the ultimate value of their shares, funds accumulated from monthly contributions of its stockholders, and also such other funds as may from time to time come into its hands.” The law under which it…
2Cases cited1 opinion
- Robertson v. American Homestead Ass'nCourt of Appeals of Maryland · 1857
3Cited by9 opinions
- Gorco Construction Co. v. SteinSupreme Court of Minnesota · 1959
- Goodell v. Accumulative Income Corp.Supreme Court of Minnesota · 1932
- Bowles Sub Parcel A, LLC v. Wells Fargo Bank, N.A.Court of Appeals for the Eighth Circuit · 2015
- Benton's Apparel, Inc. v. HegnaSupreme Court of Minnesota · 1942
- Clark v. Gaar, Scott & Co.Supreme Court of Minnesota · 1900
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