Albert M. Greenfield & Co. v. Ruberg

Opinion by

Hirt, J.,

«Sarah Mayer was the registered owner of 200 shares of stock in Philadelphia Workmen’s Saving Loan and Building Association. The association later became insolvent and on November 30, 1938 a certificate of voluntary liquidation, filed with the Department of Banking of the Commonwealth, was approved. The defendants are its liquidating trustees. On February 3, 1940, the trustees delivered to Sarah Mayer their check for $1,090 payable to her order representing a 5% liquidation distribution. The check was paid and bears her endorsement and under it the endorsement of plaintiff.…