State Ex Rel. McCormack v. American Building & Loan Ass'n

Mr. Chiee Justice Green

delivered the opinion of the Court.

In this cause the affairs of the American Building and Loan Association are being liquidated and the questions presented to us involve the proper distribution of its assets among its stockholders. The matter received careful investigation at the hands of the chancellor and of the Court of Appeals and the two courts agreed for the greater part in their views. Although we found ourselves in harmony with most of the conclusions of the other courts, owing to the magnitude and variety of the interests affected and the importance of the…