Williams v. Penn State Building & Loan Ass'n

Opinion by

Keller, P. J.,

This was an action in assumpsit for the withdrawal value of five shares of instalment stock, series 11, of the defendant building and loan association.

The stock was originally subscribed for by one Elmer Lightner on April 27, 1922, who received a pass book or receipt book, No. 1112, in which was entered month by month the payment of dues, etc.

The stock was assigned by Lightner to Moe Williams, Trustee for Leah Williams, and was so entered on the defendant’s stock ledger.

Subsequently Moe Williams notified the secretary of the defendant association that the stock had…