Allman v. David Berg B. & L. Ass'n

Opinion by

Keller, J.,

The right of a stockholder to withdraw from a building and loan association and become entitled to the withdrawal value of his stock as fixed by the bylaws of the association, is confined to solvent associations. If the association is insolvent a notice of withdrawal is of no effect, and gives the member no right of action against the association: Christian’s App., 102 Pa. 184; Criswell’s App., 100 Pa. 488/

Appellee’s notice of withdrawal as a stockholder of the David Berg Building and Loan Association was given on November 15, 1928. Prior to that date, it is alleged in…