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JOLLY v. FIRST UNION

[No. 297, September Term, 1963.]

235 Md. 161 (1964)

201 A.2d 4

JOLLY, ETC. v. FIRST UNION SAVINGS & LOAN, INC.

Court of Appeals of Maryland.

Motion for rehearing filed July 6, 1964.

Denied July 30, 1964.

Attorney(s) appearing for the Case

Francis N. Iglehart, Jr., with whom was Sidney C. Miller, Jr., on the brief, for the appellant.

Richard A. Reid, with whom were Kenneth C. Proctor, and Proctor, Royston & Mueller, on the brief, for the appellee.

The cause was argued before BRUNE, C.J., and HAMMOND, HORNEY, MARBURY and SYBERT, JJ.

SYBERT, J., delivered the opinion of the Court.

This appeal represents another episode in the large volume of litigation which has arisen following the recent failure of several savings and loan associations.

Between October 9, 1961, and January 10, 1962, the appellant, Raymond G. Jolly, as trustee for Laymen's Home Missionary Movement in Philadelphia, deposited in the appellee, First Union Savings & Loan, Inc., a newly formed Maryland savings and loan...

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