Catsiff v. Elanore Rothschild Building & Loan Ass'n

Lewis, J.,

— Plaintiff sues in this action of assumpsit as a stockholder of the defendant building and loan association to recover the value *260of her stock, which, she avers, was, by the board of directors of the defendant, declared matured on the first Monday of October, 1928. To the statement of claim filed, the defendant replies that it “was insolvent prior to and since October, 1928, and, therefore, said stock never matured.” It also resists payment upon the ground that in June, 1929, the stockholders agreed upon a voluntary liquidation of the association. The matter is before the court on a…