Calhoun v. Huntington Park First Savings & Loan Ass'n

The plaintiff, Frank A. Calhoun, herein referred to as “Calhoun,” sued the defendant, Huntington Park First Savings & Loan Association, a corporation, herein referred to as the “Association,” to recover the amount of his claim for material furnished and services rendered in connection with certain construction work, alleging that the Association was the holder of construction loan funds deposited with it for the payment of such work; that he filed a stop notice with it, as provided by law; and that, disregarding this notice, the Association thereafter transferred all of such funds to an…