Interstate Building & Loan Ass'n v. Hafter

Citations

• 76 Miss. 770

Syllabus

<p>Building and Loan Associations. By-lcuws. Amendment. Vested rights.</p> <p>A borrowing member of a building association, the by-laws of which were subject to amendment when he became a member and procured the loan, has no such vested right under a by-law then in force fixing by estimation the number- of monthly payments of dues and interest necessary to mature his stock and- cancel his debt as affects the right of the association, on settlement before maturity, to demand a greater number of such payments under a subsequent by-law adopted prior to notice of withdrawal.</p>