Fitzgerald v. State Mutual Building & Loan Ass'n

Leaming, Y. 0.

The receivers of defendant building and loan association now desire to make a partial distribution of assets among the stockholders of the insolvent association, and to that end have brought in all parties in interest that it may be determined, among other things, whether certain stockholders are entitled to preferment in the distribution of assets. As the assets of the association will be insufficient to pay the full amount paid in by its members, *138it becomes necessary to ascertain whether certain stock is entitled to priority of payment over other stock. The present contest…