Lauer v. Covenant Building & Loan Ass'n

S1MONTON, Circuit Judge.

The opinion in this case filed on August 9, 1899, was directed exclusively to the discussion of the relations between the defendants and the Covenant Building & Loan Association as borrower and lender. The principle upon which the account in this aspect should be taken between them has been settled. But the defendants are stockholders in the associa*776tion, and. as such are liable to the creditors of the association, and also must contribute with the other stockholders. They have had advanced to them the supposed par value of their shares, and have enjoyed the use of this…