Meyers v. Acme Homestead Ass'n

This litigation was initiated by Mr. and Mrs. Meyers, former shareholders in a building and loan association, to recover a balance claimed to be due, or, in the alternative, damages because of the fact that the association, in complying with the request, did not include the dividends which the former shareholders claim their stock should have earned between the time they made application for withdrawal and the time at which they received payment.

The association maintains that payment was made strictly in accordance with its bylaws, by which plaintiffs are bound, and also that, in accepting…