Lunati v. Progressive Building & Loan Ass'n

The bill was filed by Louis Lunati and John P. Lunati on behalf of themselves and other shareholders of the association. It was stated in the bill that on January 26, 1932, the complainants gave notice, as provided by section 3, chapter 136', Pub. Acts of 1919, of their intention to withdraw from the association, and thereafter demanded payment of $800.94 to Louis Lunati and $800 to John Lunati, which defendant failed or refused to pay.

It appears from an exhibit to the bill that the assets of the association amounted to $1,914,172.10, including, among other items, $1,375 loaned on real…