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KNOX LOAN ASSN. v. PHILLIPS

No. 389.

300 U.S. 194 (1937)

57 S.Ct. 418

81 L.Ed. 599

KNOX NATIONAL FARM LOAN ASSN. ET AL. v. PHILLIPS.

Supreme Court of United States.

Decided February 1, 1937.

Attorney(s) appearing for the Case

Mr. Peyton R. Evans, with whom Messrs. Roger D. Branigin, Gerald E. Lyons, and John M. Rankin, and Miss May T. Bigelow were on the brief, for petitioners.

Mr. Williams E. Richardson, with whom Mr. Harvey B. Cox was on the brief, for respondent.

MR. JUSTICE CARDOZO delivered the opinion of the Court.

The controversy in this case makes it necessary to determine the remedies available to a shareholder in an insolvent farm loan association upon the refusal of a demand for the retirement of his shares.

Respondent is the owner of a farm in Knox County, Ohio. His vendors were members of the Knox National Farm Loan Association, a cooperative membership corporation...

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