Beach v. Co-operative Savings & Loan Ass'n
South Dakota Supreme Court
Appeal from circuit court, Minnehaha county. Action to recover the value of certain shares of stock in a building and loan association. Defendant had judgment and plaintiff appeals. The facts are stated in the opinion.
1Opinion of the CourtFuller, J.
Plaintiff, a member of the defendant association, and holder of ten $100 shares of stock in what is denominated “Glass F,” desiring to withdraw the same before maturity, demanded, after giving the required notice, $258.75, which he regards as the stock’s present cash value; and, upon refusal to pay more than $101.25, a tender of which is being *550kept good, he commenced this action to recover the full amount claimed, and now appeals to this court from an order overruling a. demurrer to the defendant’s answer upon the ground that the same ‘ ‘does not state facts sufficient to constitute a defense…
2Cases cited3 opinions
- Security Loan Ass'n v. LakeSupreme Court of Alabama · 1881
- Engelhardt v. Fifth Ward Permanent Dime Saving & Loan Ass'nNew York Court of Appeals · 1896
- Building & Loan Ass'n v. ChamberlainSouth Dakota Supreme Court · 1893
3Cited by2 opinions
- Johnson v. Georgia-Carolina Retail Milk Producers Ass'nSupreme Court of Georgia · 1936
- Harrell v. Cane Growers Co-Operative Ass'nSupreme Court of Georgia · 1925