Simsohn v. Southern Co-operative Building & Loan Ass'n

Finletter, P. J.,

Plaintiff is a withdrawing stockholder of the defendant building and loan association. The proceedings to withdraw have so far advanced that he has given notice in writing in accordance with the by-laws; the secretary has made the proper endorsement upon the notice, and plaintiff is waiting his turn to receive payment.

The defendant is said to be planning a merger with another such association. The merger has not yet been accomplished, and plaintiff’s bill prays that it be enjoined until the value of his stock shall have been paid or secured to him.

Preliminary objection is…