Legal Opinion
Bayside Federal Savings & Loan Ass'n v. Cord Meyer Development Co.
Appellate Division of the Supreme Court of the State of New York
Decided July 10, 1967PublishedCited by 5 opinions
1Opinion of the Court
Beldoek, P. J., Christ, Rabin and Benjamin, JJ., concur; Munder, J. dissents and votes to reverse the order and judgment, and to deny defendant’s cross motion for summary judgment, with the following ¡memorandum: The *867essential character of a savings and loan association, and certainly its public image, is that of a savings bank. Savings banks and savings and loan associations are spirited competitors for the savings dollars, and savings accounts and mortgage investments are the principal business purposes of both. The depositors are not so much interested in the distinctions of their…
2Cited by5 opinions
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