Steinman v. Midland Savings & Loan Co.

Citations

• 78 Kan. 479
• 96 P. 860
• 1908 Kan. LEXIS 88

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>1. Contracts — Conflict of Laws — Stipulation as to Proper Law of the Contract. The decision in Loan Co. v. Solomon, 71 Kan. 185, 79 Pac. 1077, relating to stipulations oí parties that payments provided for in an obligation shall be made in, and be governed by, the laws of another state, followed.</p> <p>2. Building and Loan Associations — Foreign—Enforcement of Contracts. A foreign building and loan association may lawfully make and enforce the payment of a loan made to a member in this state upon a pledge of stock which i't had issued to him before the act of 1898 took effect (Laws 1898, ch. 10), although the association failed to comply with the terms of that law and ceased to do business in this state when it took effect, such loan being made in pursuance of a stipulation in the certificate held by the member for such stock.</p>