State ex rel. Atkinson v. Co-Operative Homebuilders

Citations

• 47 Wash. 235
• 91 P. 953
• 1907 Wash. LEXIS 746

Syllabus

<p>Appeal—Review—Harmless Error. Error in refusing to strike interrogatories intended to disclose the nature of plaintiff’s business is harmless where the same sufficiently appeared from other competent evidence.</p> <p>Building and Loan Associations — What Constitutes — Authority to Do Business. A foreign corporation is not authorized to transact business in this state, without compliance with the statutes relating to building and loan associations, where the general purpose of its business is the creation of a fund by small periodic payments from which loans may.be made to those who are otherwise unable to obtain them through inability to give security, on any general plan similar to that of an ordinary building and loan association.</p> <p>Same—Loan to Nonmembers—Penalty. The fact that loans are to be made to nonmembers does authorize such a corporation to do. business in this state without compliance with the building and ioan statute, since the statute authorizes loans to nonmembers and no penalty is prescribed for doing business in violation of the statute.</p> <p>Same. The fact that such corporations are amenable to the usury •laws does not affect their right to do business without compliance with the statute.</p>