Legal Opinion
Wild, Inc. v. Citizens Mortgage Investment Trust
Court of Appeals of Wisconsin
Decided February 26, 1980No. 78-285PublishedCited by 4 opinions
1Opinion of the CourtFoley, J.
Wild, Inc., a Wisconsin corporation, and Darrell Wild, its sole shareholder, are the only general partners in Madison Hotel Associates, a limited partnership. Through various financing agreements, Citizens Mortgage Investment Trust loaned the partnership $1 million, and The Prudential Insurance Company loaned the partnership $7 million to finance construction of a hotel. Wild and Wild, Inc., claim that these loans were usurious under sec. 138.05, Stats. The lenders claim that the loans were not usurious because sec. 138.05(5) excepts loans to corporations. We conclude that the corporation…
2Cases cited9 opinions
- State v. TollefsonWisconsin Supreme Court · 1978
- McLoughlin v. MalnarWisconsin Supreme Court · 1941
- Meadow Brook National Bank v. RecileDistrict Court, E.D. Louisiana · 1969
- State v. BolstadWisconsin Supreme Court · 1985
- Candler v. Hardware Dealers Mutual InsuranceWisconsin Supreme Court · 1973
4 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- In the Matter of Madison Hotel Associates, D/B/A the Concourse Hotel, Debtor-AppellantCourt of Appeals for the Seventh Circuit · 1984
- Williams v. Security Savings & Loan Ass'nCourt of Appeals of Wisconsin · 1984
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