Wertheimer v. Morris Haber B. & L. Ass'n

Opinion by

Jambs, J.,

Plaintiff, a shareholder in the 37th double series of the defendant building and loan association, sued in assumpsit to recover the matured value of his five shares at $200 per share. At a meeting of the board of directors of the defendant association on November 4, 1931 said series was declared matured.

The defense set up was that the declaration of maturity was made by mistake in that five mortgage loans valued at $256,596.32 on defendant’s books were worthless on November 4, 1931. Plaintiff offered in evidence defendant’s annual statement for the year ending October 15,…