Sharps v. Homer Building & Loan Ass'n

Opinion by

Keller, J.,

The plaintiff on; July 20, 1932 brought his action in assumpsit against the defendant, as a- non-assenting shareholder of one of the constituent associations (the old or original Homer Building & Loan Association) which merged into the new or consolidated Homer Building & Loan Association, the defendant in the action.

Judgment for want of a sufficient affidavit of defense was entered on March 17,1933 for $630, (with interest from September 2,1930), being 70% of the instalments of stock paid in, that being the value set on the stock in the merger proceedings.

At the time…