Legal Opinion
Kallop v. McAllister
Supreme Court of Delaware
Decided June 26, 1996No. 312, 1995PublishedCited by 15 opinions
1Opinion of the Court
HARTNETT, Justice.
In this interlocutory appeal, we affirm the Court of Chancery’s holding that the transfer of a share of corporate stock was valid although only a constructive delivery of the share took place. In so holding, we find that Article 8 of the Uniform Commercial Code (UCC), as it existed in 1979 in Delaware, did not displace the doctrine of constructive delivery that is a part of the Delaware common law.
I
The Court of Chancery, after a trial, concluded that Appellant-Defendant below, William M. Kallop (“Kallop”), by a written agreement, effectuated a gift to the corporation of one…
2Cases cited24 opinions
- Levitt v. BouvierSupreme Court of Delaware · 1972
- Waggoner v. LasterSupreme Court of Delaware · 1990
- In re the Estate of SzaboNew York Court of Appeals · 1961
- Wilson v. American Insurance CompanySupreme Court of Delaware · 1965
- Realty Growth Investors v. Council of Unit OwnersSupreme Court of Delaware · 1982
19 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Mbia Insurance Corporation Wells Fargo Bank Minnesota, N.A., as Trustee of Sfc Grantor Trust, Series 2000-1, Sfc Grantor Trust, SeriesCourt of Appeals for the Third Circuit · 2005
- Taylor v. LSI Logic Corp.Supreme Court of Delaware · 1998
- In Re Estate of WalkerDistrict of Columbia Court of Appeals · 2006
- Ramette v. Al & Alma's Supper Club Corp. (In Re Bame)United States Bankruptcy Court, D. Minnesota · 2000
- Sutter Opportunity Fund 2 LLC v. Cede & Co.Court of Chancery of Delaware · 2003
10 more not listed; retrieve them via the Exa API.