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BLAKE v. FED. LAND BANK OF SPRINGFIELD

106 A.D.2d 882 (1984)

A. Pierce Blake, Jr., et al., Appellants, v. Federal Land Bank of Springfield, Respondent

Appellate Division of the Supreme Court of the State of New York, Fourth Department.

December 14, 1984

Order and judgment unanimously affirmed, without costs, in accordance with the following memorandum: Plaintiffs have no cause of action against the Federal Land Bank. The shares of stock held by the bank as collateral for plaintiffs' loan were shares of stock in the bank which had been purchased by the Federal Land Bank Association of the Finger Lakes. In order for plaintiffs to become eligible for a loan from the bank, they were...

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