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PEARSON v. FIRST FEDERAL SAVINGS AND LOAN ASS'N

No. 2947.

149 So.2d 891 (1963)

Tazwell W. PEARSON et al., Appellants, v. FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF TARPON SPRINGS, a United States corporation, J.O. Stephens, E.F. Swartsel, Michael Gianeskis and Robert P. Gause, Appellees.

District Court of Appeal of Florida. Second District.

Rehearing Denied February 28, 1963.

Attorney(s) appearing for the Case

H. Rex Owen of Bussey, Simmons & Owen, St. Petersburg, for appellants.

James M. Stevens, Tarpon Springs, Krentzman & MacKenzie, Clearwater, for appellees.

SMITH, Judge.

In the court below, the appellants were plaintiffs and the appellees were defendants. The plaintiffs are members of the corporate defendant, First Federal Savings and Loan Association of Tarpon Springs (hereinafter referred to as the Association). The individual defendants constitute a majority of the Board of Directors of the said Association. Organized and created pursuant to the Home Owners' Loan Act of...

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