BRATTON, Circuit Judge.
In 1928, Zion's Savings Bank and Trust Company, of Salt Lake City, Utah, made a loan of $50,000, secured by a mortgage on a hotel in Ogden, Utah. Some additional funds were advanced from time to time; some payments were made; and prior to 1939, amounts aggregating $10,914.83 in connection with the loan were charged off on the books of the bank but the charge-offs did not result in any tax benefit to the bank for the years in which they were...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.