Jaffa v. Lopez

WATSON, Chief Justice.

In June, 1926, the property here in question, owned by Sofia Q. Lopez, was under first mortgage of $3,500 to the Mutual Building & Loan Association of Santa Fé, and under second mortgage of $8,400 to Nathan Jaffa, then receiver of the Santa Fé Bank, and now trustee for its stockholders and creditors. Át that time Union Savings & Loan Association, a Wyoming corporation, though it had not qualified according to the statute to do business in this state as a foreign corporation, was actually engaged herein in the savings and loan business; one Byron O. Beall being its Santa…