Nationwide Building & Loan Assn. v. Isaacs

Pee Cueiam,

Plaintiff brought suit to recover on a note given by the defendant, a stockholder of the Samuel M. Hyneman Building & Loan Association, subsequently merged with the plaintiff association.

On September 29, 1930, a meeting of the plaintiff association was held and it was decided that the association should be liquidated and thereafter demand was made on the defendant to pay the note with interest. The affidavit of defense averred that at the meeting of the association in November, 1929, she had requested the association to appropriate sufficient of the stock to pay the note.

It is…