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AMERICAN BANK & TRUST CO. OF PENNSYLVANIA v. LOTT

99 N.J. 32 (1985)

490 A.2d 308

AMERICAN BANK & TRUST COMPANY OF PENNSYLVANIA, PLAINTIFF-RESPONDENT, v. FRANK W. LOTT, JR. AND CAROLE A. LOTT, DEFENDANTS-APPELLANTS, AND FIRST NATIONAL BANK & TRUST COMPANY OF BEVERLY, DEFENDANT. AMERICAN BANK & TRUST COMPANY OF PENNSYLVANIA, PLAINTIFF-RESPONDENT, v. FRANK W. LOTT, JR. AND CAROLE A. LOTT, DEFENDANTS-APPELLANTS.

The Supreme Court of New Jersey.

Decided April 10, 1985.

Attorney(s) appearing for the Case

I. Michael Heine argued the cause for appellants (I. Michael Heine, attorney; E. Hunter Taylor, on the brief).

Charles L. Winne argued the cause for respondent (Tomar, Parks, Seliger, Simonoff & Adourian, attorneys; James Katz, on the brief).

The opinion of the Court was delivered by POLLOCK, J.

The issue on this appeal is whether a foreign bank, notwithstanding its failure to comply with the filing requirements of the Corporation Business Activities Reporting Act, N.J.S.A. 14A:13-14 to -23 (Reporting Act), may maintain a mortgage foreclosure action in the Superior Court.

Plaintiff, American Bank & Trust Company (American), a Pennsylvania bank, sued to foreclose mortgages on property...

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