In Re Dissolution of St. Johns Building & Loan Ass'n

Intervenors appeal from an order denying their motion to dismiss, contending that the dissolution of building and loan associations is permissible only in the manner provided in section 26 of the building and loan association act (Act No. 50, § 26, Pub. Acts 1887, as added by Act No. 17, Pub. Acts 1901 [3 Comp. Laws 1929, § 12159], and amended by Act No. 334, Pub. Acts 1937 [Comp. Laws Supp. 1940, § 12159, Stat. Ann. 1943 Rev. § 23.568]), to the exclusion of proceedings brought, as here, under the provisions of chapter 40, § 1, of the judicature act of 1915 (3 Comp. Laws 1929, § 15310 [Stat.…