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NATIONAL FARM LOAN ASS'N OF MARIANNA v. MOYE

No. 4-9064.

226 S.W.2d 968 (1950)

NATIONAL FARM LOAN ASS'N OF MARIANNA v. MOYE.

Supreme Court of Arkansas.

February 13, 1950.

Attorney(s) appearing for the Case

Hal B. Mixon, Marianna, G. V. Head, St. Louis, Mo, for appellant.

Burke & Bruke, Marianna, for appellee.

MILLWEE, Justice.

The question for decision is whether a stockholder of a solvent national farm loan association, having paid in full his federal land bank loan, is entitled to retirement of his association stock at par or at book value.

In August, 1922 appellee, J. M. Moye, obtained a $4,000 loan from The Federal Land Bank of St. Louis through the Lee County National Farm Loan Association, a national farm loan association organized under the Federal Farm...

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