Weinroth v. Homer Building & Loan Ass'n

Opinion by

Mr. Justice Kephart,

Appellee as executrix held $10,000 full paid stock of Homer B. & L. Association. On December 24, 1929, she notified the association of her intention to withdraw the value of her stock. It was not then able to pay, and gave her ten $1,000 notes for which she surrendered the stock. Three of these notes were paid and this action was entered on the remaining seven. Appellee submitted evidence to show that when appellant was unable to pay, $10,000 was loaned by her to the association, the notes being given for this loan, and $10,000 was then paid for the stock. The…