National Turners Building & Loan Ass'n v. Schreitmueller

Plaintiff, National Turners Building & Loan Association, a New Jersey corporation, filed a bill of complaint for cancellation of one of the association’s stock certificates and for the surrender of a passbook, both of which are in the possession of defendants, who are husband and wife and residents of Wayne county, Michigan. Defendants denied plaintiff’s right to equitable relief and, by cross bill, sought a decree validating the certificate and passbook.

Defendant, Irene M. Sehreitmueller (formerly Irene M. Weber), in 1919, while living in the State of New Jersey, purchased, through her…