Christopher Columbus Building & Loan Ass'n v. Kriete
Illinois Supreme Court
Writ of Error to the Appellate Court for the First District;—heard in that court on appeal from the Superior Court of Cook county; the Hon. Farlin Q. Ball, Judge, presiding. Plaintiff in'error is a corporation organized in Illinois in 1884, under “An act to enable associations of persons to become a body corporate to raise funds to be loaned only among the members of such association,” (Starr & Cur.
Read the full summary
Writ of Error to the Appellate Court for the First District;—heard in that court on appeal from the Superior Court of Cook county; the Hon. Farlin Q. Ball, Judge, presiding. Plaintiff in'error is a corporation organized in Illinois in 1884, under “An act to enable associations of persons to become a body corporate to raise funds to be loaned only among the members of such association,” (Starr & Cur. Stat. 1896, chap. 82, par. 108,)- and, did business in Chicago until April, 1897, when, upon petition in the superior court of Cook county, it was declared insolvent and Arthur Nollau was…
1Opinion of the CourtJustice Ricks
The disposition of this case involves the consideration of the rights of those who were depositors, and spoken of as “Kriete and his class,” and those claiming as holders of matured stock, and mentioned above as “Truka and his class.”
As to the depositors, the evidence shows that David J. Sachsel was the secretary of the association from about the time of its organization to about the time of the appointment of the receiver. In the office of the association he conducted insurance, real estate brokerage, money loaning and a foreign steamship ticket agency, all on his own account. He was, paid a…
2Cases cited2 opinions
- Chapman v. YoungAppellate Court of Illinois · 1896
- Gibson v. Safety Homestead & Loan Ass'nIllinois Supreme Court · 1897
3Cited by5 opinions
- Brennan v. GallagherIllinois Supreme Court · 1902
- Colin v. WellfordSupreme Court of Virginia · 1904
- Pacific Coast Savings Society v. SturdevantCalifornia Supreme Court · 1913
- Gallagher v. BrennanAppellate Court of Illinois · 1901
- Jones v. BrennanAppellate Court of Illinois · 1902