Munch v. Kroeger
Munch v. Kroeger
Opinion of the Court
OPINION
The above entitled cause is now being determined on appeal on a question of law and fact from the judgment of the Court of Common Pleas of Montgomery County, Ohio.
Plaintiff filed her petition on October 17, 1935, wherein she sought to have her account in the Miami Savings & Loan Company as a running stock account restored to its claimed proper status as a deposit account, and that thereafter her claim be allowed as a general creditor.
April 17, 1936, the defendant filed answer. On March 2, 1937, the Miami Savings & Loan Company was made party defendant, and, on March 23rd following plaintiff filed supplemental petition. Thereafter motions and demurrers were filed, all of which were overruled, and the Building & Loan Company filed answer on October 15, 1937.
Cause was submitted on the pleadings, oral testimony, and agreed statement of facts.
Finding and judgment was returned in favor of the plaintiff as prayed for.
By agreement of counsel the cause was submitted in this Court on the same evidence as presented before the trial court.
■ On April 16, 1914, the plaintiff and her husband, Ernest H. Munch, opened a special deposit account with the Miami Loan & Building Association. The account was carried as No. 6719. The last entry in this book is January 4, 1930.
On May 27, 1930, the Building & Loan Company, successor to the association, without any authority so to do, transferred all special deposit accounts, including plaintiff’s, to stock or running stock accounts. This action was illegal and unauthorized, and at a subsequent date a Common Pleas Court in Montgomery County ordered all accounts thus transferred to be restored to their former status. This order did not have the effect of restoring plaintiff’s account for the reason that between the time of the “Field Day” transfer and the date of the court order for restoration, Ernest H. Munch had deceased, and the account had been transferred to plaintiff, and a new book given with', a new number.
Also presented in the evidence as Defendant’s Exhibit 12 is an executed subscription card upon which defendant relies entirely for its claim that plaintiff’s account is properly listed as a running stock account, and not a special deposit account. This subscription card standing alone would amply support defendant’s position. However, when taken in connection with other testimony and surrounding circumstances a very different situation is' presented.
Mrs. Munch gives testimony that she has no recollection of signing the subscription card.
A further question is presented through the record as to whether or not Barbara Margaret Munch was a proper party plaintiff.
The account was carried on the books in the name of Barbara Margaret Munch, Executrix.
Prior to the death of plaintiff’s husband, the account had been carried m their joint names. The husband left a will devising all his property to his widow. In the course of the settlement of the estate, the Tax Commission issued a certificate to Mrs. Munch releasing the account from any tax demands. This certificate was presented to the Building & Loan Company and through inadvertence, as we think, the account was issued to Mrs. Munch, Executrix, instead of to her individually.
In the exhibits we have the file from the Probate Court, and therein is contained the final account showing that the estate of Ernest H. Munch has been settled through the filing of the final account; that in the final account balance was due Mrs. Munch, the Executrix, but that she cancelled the obligation.
The account in question would be the absolute property of Mrs. Munch for the reason that she was the sole legatee under the will of her husband.
A second question is raised that plaintiff’s claim is barred by the Statute of Limitations. Ttíe Miami Building & Loan Company was first taken over for liquidation by the defendant’s Superintendent on April 18, 1933. Notice for presentation of claims was published and the final date fixed was July 15, 1933. Plaintiff did not file her claim with the Superintendent until January 31, 1934. Contention is made that under the provisions of §687-6 plaintiff should have presented her claim within 90 days from the date of last publication. This Court has previously had this question before it and it then determined that §687-6 GC, is not a Statute of Limitations. Schultheis v Kroeger, Superintendent, etc., 27 Abs 474; and Lurie v Building & Loan Company, No. 1541, Montgomery County, unreported March 8, 1939. (29 Abs 42).
Complaint is also made that the Miami Building & Loan Company was not made party defendant at the time the original action was filed. Sec. 687-6 GC was again relied upon in support of this claim.
In the closing paragraph of the section it is provided in substance, that any person aggrieved by rejection of his claim by the Superintendent shall bring an action against the Superintendent and such association within three months after such rejection, etc. We find no merit in this contention. §11230 GC determines that the time of commencement of action shall date from the time of date of service of summons on .either defendant wnere two or more are united in interest. Reference is also made to the following Ohio decisions: Draher v Waters, 136
Case-law data current through December 31, 2025. Source: CourtListener bulk data.