Case ID: ga_100/html/0060-01.html
Source: Caselaw Access Project
Author: {"author": "\n      Lumpkin, J.", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

BOSWORTH v. SUMTER REAL ESTATE CO.
    Submitted June 15,
    Decided November 30, 1896.
    Ctomplaint for land. Before; Judge Eish. Sumter superior court. ' May term, 1895.
    
      Allen Fort and J. E. D. Shipp, for plaintiff in error.
    
      J. H. Lumpkin, contra.
   Lumpkin, J.

The essence of the building and loan association, principle is mutual participation in the profits and losses on terms of perfect equality, each member having, under the same conditions, the rights and obligations of every other member. This principle was exemplified and carried out in the transaction involved in the present case, and it follows as a consequence that the debt in question was not usurious.

Judgment affirmed.