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IFC COLLATERAL CORP. v. LAYTON PARK BLDG. & L.

No. 275.

39 Wis.2d 90 (1968)

158 N.W.2d 386

IFC COLLATERAL CORPORATION, Plaintiff and Respondent, v. LAYTON PARK BUILDING & LOAN ASSOCIATION, Defendant and Appellant: COMMERCIAL UNITS, INC., and others, Defendants.

Supreme Court of Wisconsin.

Decided May 7, 1968.

Attorney(s) appearing for the Case

For the appellant there was a brief and oral argument by S.S. Sanger of Milwaukee.

No brief or appearance for respondent.

HALLOWS, C. J.

This action to foreclose a second mortgage was commenced by IFC Collateral Corporation against Layton Park Building & Loan Association (Layton Park) and other defendants. The complaint alleged Layton Park was the holder of first mortgages and Layton Park demurred to the complaint. Upon a stipulation signed by IFC Collateral Corporation and Layton Park but not the other defendants, the action as to Layton Park was dismissed without prejudice. Thereafter...

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