In re Hilltop Building & Loan Ass'n

Broomall, J.,

The Secretary of Banking, as receiver, took possession of the Hilltop Building & Loan Association, Llanerch, Delaware County, on December 5, 1935. He filed a first and partial account on April 22, 1938, to which exceptions were filed on May 6, 1938, by Norman Snyder, assignee of James Meli, a shareholder. A hearing on the exceptions was held on September 21, 1938, with argument before the court in banc on November 15, 1938.

It appears that on July 11, 1933, James Meli was the owner of free shares in said association having a paid-in value of $144.40, on which date he gave notice…