Rodrock v. Materialmen's B. L. Assn.

These are two suits brought by the executors of their respective decedents who, at the time of their respective deaths in 1932, were members and shareholders of the defendant building and loan association. The suits are brought to enjoin the defendant from making payments without first paying complainants the amount of their claim, which are asserted to be preferential.

Defendant was organized in 1920. From then on, until 1933, which was after the deaths of decedents, the constitution of defendant by article 3, section 6, provided as follows:

"Article III, Section 6. Upon the death of any…