Security Savings & Loan Ass'n v. Elbert

Foreclosure of a “building and loan”' mortgage. The error assigned is the overruling of appellant’s motion for a new trial. The evidence discloses that appellant is a foreign building and loan association, organized under the laws of Minnesota. On [November 21, 1891, Elbert took out five shares of $100 each and received a certificate therefor, of which the essential features were Elbert’s membership in .the appellant association, his agreement to pay monthly dues of sixty cents per share until the shares matured, appellant’s agreement to apportion among the shares in good standing all the…