Appellant competitions the latest legitimacy of part 339 of the Laws and regulations of Minnesota of 1933 , p
[Syllabus out-of profiles 398-400 intentionally omitted ] Messrs. Karl H. Covell and you can Alfred W. Bowen , each of Minneapolis, Minn., to have appellant .
514 , accepted April 18, 1933 , known as Minnesota Home loan Moratorium Rules as actually repugnant towards the package condition ( post step 1, 10 ) as well as the owed techniques and equal security conditions of Fourteenth Modification of one’s Government Composition . This new law is actually supported by the fresh Supreme Legal from Minnesota ( 249 Letter.W. 334 , 86 A great.L.Roentgen. 1507 ; 249 Letter.W. 893 ) , together with instance will come right here with the attract.
This new work brings you to definitely, inside the emergency stated to thrive, relief may be got due to licensed official procedures with respect to property foreclosure regarding mortgages, and you may execution conversion, away from a residential property; you to conversion could be delayed and periods regarding redemption are lengthened. New work cannot connect with mortgages subsequently generated neither in order to men and women produced before and this might be extended for a time ending more than annually adopting the passing of the latest act ( area step 1, 8 ) . (más…)