Homeseekers Building Association Case

Opinion by

Mr. Justice Barnes,

This appeal is from an order of the court below rejecting the claim of appellant to the status of a creditor of the Homeseekers Building Association, in the amount of $7,600, representing the matured value of his shares. The Association is now in process of liquidation by the Secretary of Banking as receiver.

Claimant was the owner of fifty shares in the 35th series of the stock of the Association. On September 17, 1931, this series was declared matured by a resolution of the board of directors, at $200 per share, and it was so described in the annual report for…