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MADISON NAT'L BANK v. NEWRATH

[No. 322, September Term, 1970.]

261 Md. 321 (1971)

275 A.2d 495

MADISON NATIONAL BANK ET AL. v. NEWRATH ET AL.

Court of Appeals of Maryland.

Motion for rehearing filed April 28, 1971.

Denied May 3, 1971.

Attorney(s) appearing for the Case

Henry H. Glassie, with whom were Hershel Shanks, James M. Kefauver, Glassie, Pewett, Beebe & Shanks and Stedman Prescott, Jr., and Staley, Prescott & Ballman on the brief, for appellants.

Eugene Hettleman and Brainard H. Warner, III, for appellees.

The cause was argued before HAMMOND, C.J., and BARNES, McWILLIAMS, FINAN, SINGLEY, SMITH and DIGGES, JJ.

FINAN, J., delivered the opinion of the Court.

In this appeal we are called upon to determine the nature of the interest which Robert B. Weiss, one of the defendants below, had in Pike Associates, styled as a joint venture (Pike Associates) and which owned a leasehold estate improved by the Pike Shopping Center, Montgomery County, Maryland. At various times Weiss pledged his interest in the leasehold estate and in Pike Associates as security for loans. The question...

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