Duffy v. B. L. Assn.

Argued December 11, 1935. The important facts agreed upon by the parties to this controversy in a case stated are as follows: On June 24, 1931, the Banking Department of the Commonwealth of Pennsylvania issued an order segregating dues paid into the Fifty-eighth and Chester Avenue Building and Loan Association on account of free shares after that date. On January 19, 1933, the building and loan association, by its directors, appointed three liquidating trustees to liquidate its affairs and wind up its business. On June 21, 1933, the banking department ordered the dues collected by the…