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WILLIAMS v. YOUNG

No. 328-2.

6 Wn. App. 494 (1972)

494 P.2d 508

DAVID J. WILLIAMS et al., Respondents, v. WILLIAM YOUNG et al., Appellants.

The Court of Appeals of Washington, Division Two.

February 28, 1972.

Attorney(s) appearing for the Case

Slade Gorton, Attorney General, Charles F. Murphy, Assistant, Robert O. Beresford and Donald P. Lehne (of Beresford & Booth), for appellants.

Alfred J. Schweppe (of Schweppe, Doolittle, Krug & Tausend), for respondents.

PETRIE, C.J.

On the afternoon of August 28, 1969, the membership of Highline Savings and Loan Association adopted a resolution, which amended its articles of incorporation and its bylaws so as to change the par value of its permanent nonwithdrawable stock from $10 per share to $1 per share.1 The immediate effect of the adoption of such a resolution was a tenfold increase in the voting potential of those "members" who were owners of such...

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