Florida Savings Bank & Real Estate Exchange v. Rivers

Citations

• 36 Fla. 575

Syllabus

<p>1. The acknowledgment of a deed can not be taken by a grantee, or party interested therein.</p> <p>2. It is not necessary that a director or managing agent of a corporation should be a stockholder therein unless.it is expressly required by statute or charter of the company.</p> <p>3. In a suit to foreclose a mortgage executed to a corporation organized under the general laws in force prior to June, 1888, it appeared that the acknowledgment of the mortgage was taken by the vice-president of the corporation, and the court ruled that as he was vice-president he must have been a stockholder and a party interested in the mortgage, and forthat reason the instrument was not acknowledged at all: Held, That the conelusion, from the fact stated was erroneous.</p>