Moore v. Fremont State Bank

Citations

• 103 Wash. 249
• 173 P. 1089
• 1918 Wash. LEXIS 1032

Syllabus

<p>Banks and Banking — Powers—Purchase of Stock — Statutes. Banking corporations may purchase and hold stock in general corporations; in view of Laws 1905, p. 51 (Rem. Code, §3684), authorizing corporations generally to purchase and hold stock in other corporations, which was not impliedly repealed, except as to certain classes named, by subsequent legislation, Laws 1907, p. 518, § 15 and its amendments (Rem. Code, §§ 3290, 3292, and Laws 1917, p. 271) prohibiting a banking corporation from holding its own stock or the stock of any other banking corporation, excepting the stock of Federal Reserve banks and trust companies.</p> <p>Appeal — Decision—Affirmance—Extending Time for Payment. Upon appeal in good faith from a judgment extending to appellant a privilege provided payment was made within a specified period, which expired pending appeal, affirmance of the judgment will be with an extension of time for exercising the privilege.</p>