Commuters Building & Loan Ass'n Case

Opinion by

Keller, P. J.,

This case is ruled in principle by Yonah Building and Loan Association Case, 133 Pa. Superior Ct. 376, 3 A. 2d 49. The relation of the appellant as a stockholder in the Commuters Building & Loan Association was terminated over three years before the Secretary of Banking took possession of the association because of its insolvency. It was admitted that on April 8, 1932, when the appellant ceased to be a stockholder, 1 the association was solvent. It was not shown that the subsequent insolvency was due to losses on investments made while appellant was a stockholder.…