(Download) "Adams v. California Mutual Building and Loan Association" by Supreme Court Of California In Bank # eBook PDF Kindle ePub Free
eBook details
- Title: Adams v. California Mutual Building and Loan Association
- Author : Supreme Court Of California In Bank
- Release Date : January 25, 1941
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 69 KB
Description
[18 Cal2d Page 488] GIBSON, C.J. These consolidated actions, like the Martin case, S.F. No. 16004, ante, p. 478 [116 Pac. (2d) 71], this day decided, present the question whether the plaintiffs, as holders of mutual shares and thrift accounts in the defendant California Mutual Building and Loan Association, are entitled to share in liquidation as creditors on a parity with the holders of investment certificates. The history of the association and the other facts necessary to a decision of this appeal have been stated in the Martin case, and the decision in that case is determinative of the principal issues presented here. However, inasmuch as the trial court here found, contrary to our conclusion in that case, that mutual shares and thrift accounts are subordinate to investment certificates in liquidation, we must, for the reasons stated in the Martin case, reverse the judgment from which this appeal is taken.
 "Adams v. California Mutual Building and Loan Association" by Supreme Court Of California In Bank # eBook PDF Kindle ePub Free){kind=link}