Pioneer Savings & Loan Co. v. Eyer

Nebraska Supreme Court

Pioneer Savings & Loan Co. v. Eyer

87 N.W. 1058, 62 Neb. 810, 1901 Neb. LEXIS 293

CourtNebraska Supreme Court

DecidedNovember 20, 1901

DocketNo. 10,298

StatusPublished

Cited by2 cases

This text of 87 N.W. 1058 (Pioneer Savings & Loan Co. v. Eyer) is published on Counsel Stack Legal Research, covering Nebraska Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Pioneer Savings & Loan Co. v. Eyer, 87 N.W. 1058, 62 Neb. 810, 1901 Neb. LEXIS 293 (Neb. 1901).

Pincite

Opinion

Norval, O. J.

Plaintiff is a foreign building and loan association incorporated under the laws of Minnesota and having its domicile in that state. In 1890 it made a loan of $500 to the defendant, B. F. Eyer, a resident of Nebraska, and the same was secured by a mortgage on real estate situated in this state. This was a suit to foreclose said mortgage. The defenses interposed were usury and that plaintiff was a foreign building and loan association and had not complied with section 148p, chapter 16, Compiled Statutes, 1891. From a decree dismissing the suit plaintiff has ■prosecuted error.

The first contention is that the court below erred in the admission of certain evidence on behalf of the defendants. This is unavailing, for more reasons than one. No ruling in the admission of the testimony is raised by the motion for a new trial, nor is there any assignment in the petition in error relating thereto.' Moreover, the case was tried to the court without the aid of a jury; therefore, error can not be successfully predicated upon rulings of the trial court on the admission of testimony. This view has been so frequently announced and applied by this court as to make unnecessary the citation of the cases so holding. In Henni v. Fidelity Building & Loan Ass’n, 61 Nebr., 744, it was distinctly ruled that a foreign building and loan association, which has failed to comply with the laws of this state is not entitled to enforce a contract made within the state, though it stipulated that it should be governed. [812]*812by the laws of the state where the association is a resident. That case is decisive of the one at bar. As stated elsewhere, plaintiff is a Minnesota corporation. The loan in question was made in this state to a resident thereof. Plaintiff has failed to obtain a certificate of approval and authorization from the proper officers of the state, as required by section 148p, • chapter 16, Compiled Statutes, 1891; therefore, plaintiff has no standing in the courts of this state.

It is suggested, hoAvever, that the loan was made prior to the passage of said section 148p, and hence the provisions thereof can not be successfully invoked. True, the loan antedates this section, but the record discloses beyond controversy that after the statute was passed and became operative the plaintiff and defendant entered into an agreement- which materially changed and modified the original contract of the parties, Avhich as thus modified is sought to be enforced herein. The contract is unenforceable. The decree is

Affirmed.

Free access — add to your briefcase to read the full text and ask questions with AI

Norval, O. J.

Plaintiff is a foreign building and loan association incorporated under the laws of Minnesota and having its domicile in that state. In 1890 it made a loan of $500 to the defendant, B. F. Eyer, a resident of Nebraska, and the same was secured by a mortgage on real estate situated in this state. This was a suit to foreclose said mortgage. The defenses interposed were usury and that plaintiff was a foreign building and loan association and had not complied with section 148p, chapter 16, Compiled Statutes, 1891. From a decree dismissing the suit plaintiff has ■prosecuted error.

The first contention is that the court below erred in the admission of certain evidence on behalf of the defendants. This is unavailing, for more reasons than one. No ruling in the admission of the testimony is raised by the motion for a new trial, nor is there any assignment in the petition in error relating thereto.' Moreover, the case was tried to the court without the aid of a jury; therefore, error can not be successfully predicated upon rulings of the trial court on the admission of testimony. This view has been so frequently announced and applied by this court as to make unnecessary the citation of the cases so holding. In Henni v. Fidelity Building & Loan Ass’n, 61 Nebr., 744, it was distinctly ruled that a foreign building and loan association, which has failed to comply with the laws of this state is not entitled to enforce a contract made within the state, though it stipulated that it should be governed. [812]*812by the laws of the state where the association is a resident. That case is decisive of the one at bar. As stated elsewhere, plaintiff is a Minnesota corporation. The loan in question was made in this state to a resident thereof. Plaintiff has failed to obtain a certificate of approval and authorization from the proper officers of the state, as required by section 148p, • chapter 16, Compiled Statutes, 1891; therefore, plaintiff has no standing in the courts of this state.

It is suggested, hoAvever, that the loan was made prior to the passage of said section 148p, and hence the provisions thereof can not be successfully invoked. True, the loan antedates this section, but the record discloses beyond controversy that after the statute was passed and became operative the plaintiff and defendant entered into an agreement- which materially changed and modified the original contract of the parties, Avhich as thus modified is sought to be enforced herein. The contract is unenforceable. The decree is

Affirmed.

Cite This Page — Counsel Stack

Bluebook (online)

87 N.W. 1058, 62 Neb. 810, 1901 Neb. LEXIS 293, Counsel Stack Legal Research, https://law.counselstack.com/opinion/pioneer-savings-loan-co-v-eyer-neb-1901.

Opinion

Related

Cite This Page — Counsel Stack