National Savings & Building Ass'n v. Hutchinson

Opinion of the Court by

Judge Cammack

Affirming.

Tlie National Savings & Building Association issued 10 shares of capital stock to the appellee, Mrs. Mary Hutchinson, née Jay, in 1931. Mary Jay was 14 or 15 years of age at that time. A purchase of 8% of the shares had been made earlier by the appellee’s guardian, who was also secretary and treasurer of the Association. The guardian died in 1931 and it does not appear that another one was appointed thereafter. Mary Jay married in the early part of 1936. In June of that year she assigned her certificate of stock to the Association as surety for…