California Court of Appeal November 28, 1960, Civ. No. 18644 (Carew v. Hibernia Bank)

TOBRINER, J.

Appellant seeks a declaration that as a depositor of The Hibernia Savings and Loan Society, a membership corporation, she possessed the same rights in its reserve fund as the members of the society and that therefore she was entitled to share equally with the members upon the corporation’s conversion to a stock structure and “distribution of capital stock into which said reserve fund