Adams v. California Mutual Building & Loan Ass'n

These consolidated actions, like the Martin case, S. F. No. 16004, ante, p. 478 [116 Pac. (2d) 71], this day decided, present the question whether the plaintiffs, as holders of mutual shares and thrift accounts in the defendant California Mutual Building and Loan Association, are entitled to share in liquidation as creditors on a parity with the holders of investment certificates. The history of the association and the other facts necessary to a decision of this appeal have been stated in the Martin case, and the decision in that case is determinative of the principal issues presented here.…