Clark v. Freeling

Counsel for appellants have correctly stated the question for consideration by this court as follows: “The question before the court on this appeal is the validity of certain mutual certificates issued by the Mutual Loan & Investment Company which is now in the process of liquidation under a state receivership. The certificates were issued by the loan company about sis months prior to its receivership, to one C. R. Prunty, who thereafter assigned them to Freeling and others, appellees on this appeal.

“The Mutual Loan & Investment Company was placed in the hands of a receiver by order of the…