In re Eminent-East Logan Building & Loan Ass'n

Lamberton, J.,

The Secretary of Banking took possession of the Eminent-East Logan Building & Loan Association (hereinafter called the “Merged Association”) on December 4,1936. On June 2, 1938, the Secretary filed his first and partial account, to which numerous exceptions were filed. The account came up for audit on September 26,1938, and subsequent days. Testimony was taken in court and by depositions.

Until September 1932, there were four separate building and loan associations, namely, Eminent Building & Loan Association (hereinafter called “Eminent Association”), East Logan Building & Loan…