FEDERAL SAVINGS & L. INS. CORP. v. GRAND FORKS B. & L. ASS'N

Civ. No. 1835.

85 F.Supp. 248 (1949)

FEDERAL SAVINGS & LOAN INS. CORPORATION v. GRAND FORKS BUILDING & LOAN ASS'N.

United States District Court D. North Dakota, N. E. D.

August 1, 1949.


Attorney(s) appearing for the Case

Mart R. Vogel (of Wattam, Vogel, Vogel & Bright), Fargo, N. D., for plaintiff.

T. A. Toner (of Murphy & Toner), Grand Forks, N. D., for defendant.


NORDBYE, District Judge.

The question submitted is to be determined by the interpretation which should be accorded to Section 407(a) of the National Housing Act, 12 U.S.C.A. § 1730(a), which pertains to the voluntary termination of insurance of savings and loan accounts. Plaintiff brings this action to recover unpaid insurance premiums covering the period from July 17, 1947, to January 17, 1949. The premiums sought to be recovered pertain to a period after defendant...

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