Valley Stream Teachers Federal Credit Union v. Commissioner of Banks

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• enforcing bank’s contract made where bank directors violated statute by failing to obtain approval of bank commissioner prior to entering contract
• credit union’s violation of G.L.c. 171, §16 in failing to obtain approval of Commissioner of Banks for loan did not render void its loan obligations
• credit union’s violation of G.L.c. 171, §16 in failing to obtain approval of Commissioner of Banks for loan did not render void its contractual obligation
• credit union directors’ violation of statute by failing to obtain approval of bank commissioner

Source: CourtListener parenthetical corpus (CC0).