United States Building & Loan Assn' v. Silverman
Supreme Court of Pennsylvania
Error to the Court of Common Pleas, No. 1, of Allegheny county; Of October and November Term 1877, No. 13. Assumpsit by Henry Silverman, against the United States Building and Loan Association of Pittsburgh. About the 10th of September 1872, Silverman subscribed for sixteen shares of the defendant association. He paid his dues regularly, and on the 6th of April 1875, had paid in upon his stock the sum of $640, being $40 per share.
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Error to the Court of Common Pleas, No. 1, of Allegheny county; Of October and November Term 1877, No. 13. Assumpsit by Henry Silverman, against the United States Building and Loan Association of Pittsburgh. About the 10th of September 1872, Silverman subscribed for sixteen shares of the defendant association. He paid his dues regularly, and on the 6th of April 1875, had paid in upon his stock the sum of $640, being $40 per share. He was not at this time in arrears for any dties, owed no fines, and had borrowed no money. On that day he gave notice to the association of his intention to…
1Opinion of the CourtJustice Gordon
Had the affidavit of defence filed in this case set forth losses incurred by the association, whether resulting from the depreciation of its property or otherwise, occurring before the time of the plaintiff’s withdrawal, no doubt a proper set-off to the claim in suit would have been exhibited; herein, however, is the material defect in that it does not state that such losses did happen before the withdrawal. On trial, without such showing, the defence would clearly amount to nothing, for the plaintiff could not be charged with losses which occurred after he ceased to be a member of the…
2Cited by22 opinions
- Stone v. Schiller Building & Loan Ass'nSupreme Court of Pennsylvania · 1930
- Weinroth v. Homer Building & Loan Ass'nSupreme Court of Pennsylvania · 1932
- Sperling v. Euclid B. & L. Ass'nSupreme Court of Pennsylvania · 1932
- Lepore v. Twin Cities National Building & Loan Ass'nSuperior Court of Pennsylvania · 1897
- Lunati v. Progressive Building & Loan Ass'nTennessee Supreme Court · 1934
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