Federal Savings & Loan Ass'n v. Baxter

On June 20, 1923, Beatrice ¡Ü. Hall became a member of the Federal Savings & Loan Association of Oklahoma, a domestic building and loan association, jfiaintiff in error, by having issued to her certificate No. 245, representing 20 shares of class A installment shares of the capital slock of said association of $100 per share.

On the same date the owner of the stock assigned it to the building and loan association as collateral to a loan of §2,000 evidenced by a note executed by Beatrice M. Hall and her then husband, W. F. 1-Iall, whereby the promissors agreed to repay the amount borrowed, and…