Frisby v. Armenian-American B. & L. Assn.

Opinion by

Parker, J.,

Katherine G. Frisby, the plaintiff, a stockholder in the appellant building and loan association, was the owner of twenty-five shares of installment stock in each of two different series, on which payments had been regularly made for a number of years.. In 1929, she made two stock loans, one for $1,400 and the other for $350, pledging the stock in the two series as security for the money borrowed. On May 5,1930, at which time the dues on the stock and the interest on the money borrowed had been fully paid, she gave written notice of a desire to terminate her relations…