Opinion
Gen. No. 41,634. (Abstract of Decision.)
Opinion filed May 19, 1941
EQUITY, § 66 — laches. Where plaintiffs had conveyed property by deed, they had no interest in it except as owners of common certificates of beneficial interest issued under a reorganization plan which they had approved, original trust deed had been released of record and bonds canceled and for five years no steps were taken to foreclose trust deed, lower court properly found that plaintiffs were guilty of lachhes and estopped from asserting any claim to the property.
See Callaghan's Illinois Digest, same topic and section number.
Appeal from Superior Court of Cook county; Hon. JOHN J. LUPE, presiding.
Affirmed. Heard in first division, first district, this court at October term, 1940.
James D. Murphy, for appellants;
James A. Carey and Albin Dommermuth, of counsel;
Miller, Gorham, Wescott, Adams, Harold L. Reeve and C.F. Faust, for appellees.
"Not to be published in full." Opinion filed May 19, 1941.