In re Stanley-Milton Building & Loan Ass'n

Parry, J.,.... In May 1928, Louis Breeker gave notice of withdrawal of 100 shares of stock in Stanley Building & Loan Association standing in his name. Thereafter, he was paid about $4,000 on the withdrawal value of these shares.

*529In March 1929, Stanley Building & Loan Association merged with others into Stanley-Milton Building & Loan Association.

In May 1930, the Secretary of Banking took possession as receiver of the business and property of Stanley-Milton Building & Loan Association. With him Brecker filed a claim for the unpaid balance of the withdrawal value of his shares, claiming priority…