Ronca v. New York Building Loan Banking Co.

This action is brought by the plaintiff to recover the amount of certain deposits made by him with the defendant company, as a shareholder therein. The said deposits were in the nature of dues paid by the plaintiff upon á certificate of stock which he received from the company upon becoming a shareholder. The certificate contains the following clause:

“The money paid as dues on this certificate may be withdrawn at any time, subject to the provisions contained in the articles of association and bylaws of the corporation and the regulations adopted thereunder.”

The articles of association…