Mason v. Mason

George L. Scliulz, prior to his death on June 30,1936, was a director of the Peoples American State Bank, of Saginaw, and owned 150 shares of stock therein. In October, 1934, a statutory assessment of 100 per cent, was levied against his stock, the bank having previously closed. Eight days before he died, Mr. Schulz deeded his homestead, consisting of a house and lot in Saginaw, to his three daughters for one dollar and other valuable consideration, reserving a life interest therein to himself. The property is alleged, in the declaration, to be of the value of approximately $5,000. The bank…