Geertson v. McCrea

BROWN, JR., P.J.,

FACTUAL BACKGROUND

This matter comes before the court pursuant to preliminary objections filed by plaintiff to defendant’s answer and new matter.

Betsy R. Geertson and Charles A. Geertson were husband and wife. On-or about March 3, 1982, Betsy R. Geertson and Charles A. Geertson owned approximately 50,072 shares of Cash Reserve Man*584agement, Inc., stock. The stock was owned in tenancy by the entireties. On or about March 3, 1982, Charles A. Geertson liquidated 49,000 of these shares, realizing the sum of $49,000. On or about March 27, 1982, Charles A. Geertson liquidated an…