Irelan v. Hammond

The Vice-Chancellor:

Margaret Noble Hammond *182executed her will in 1934. She then owned thirty-two shares of “full-paid,” stock of the Keystone Building & Loan Association, having a total face value of $6,400. She also held ten shares of “installment” stock of the same loan association, having a matured value of $2,000, and upon which she had begun paying monthly installments in 1929. When these matured in 1936, the testatrix surrendered them and received in return the sum of $2,000. At the time of her death in 1939, she still owned the thirty-two shares of full-paid stock. The question here is…