Johnson v. Johnson
Supreme Court of Arkansas
Appeal from Craighead Chancery Court, Western District; Charles D. Frierson, Chancellor; STATEMENT BY THE COURT. On the 18th of August, 1913, the appellee instituted an action in the Craighead Circuit Court, for the Jonesboro District, against the Young Men’s Building & Loan Association, and alleged that in the year 1902, the Young Men’s Building & Loan Association issued to C. N. Carson forty shares of stock; that after he had made several payments in monthly dues, he…
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Appeal from Craighead Chancery Court, Western District; Charles D. Frierson, Chancellor; STATEMENT BY THE COURT. On the 18th of August, 1913, the appellee instituted an action in the Craighead Circuit Court, for the Jonesboro District, against the Young Men’s Building & Loan Association, and alleged that in the year 1902, the Young Men’s Building & Loan Association issued to C. N. Carson forty shares of stock; that after he had made several payments in monthly dues, he assigned the shares of stock to Johnson Brothers, and about the year 1908, Johnson Brothers assigned and transferred the…
1Opinion of the Court
Wood, J.,
(after stating the facts). (1) Even if appellant had furnished the money with which the building and loan stock in controversy was purchased, under the evidence he would not be entitled to claim the stock, for the proof shows that he had the stock transferred on the books of the company in the name of his wife. He positively asserts that this was done for his own benefit, while she as positively denies that it was so transferred. The presumption is, in the absence of evidence to the contrary, that any money -that he furnished at the time of the purchase and transfer of the stock was…
2Cases cited1 opinion
- Della v. DellaSupreme Court of Arkansas · 1911
3Cited by11 opinions
- Kelly v. KellySupreme Court of Arkansas · 1979
- Aycock v. BottomsSupreme Court of Arkansas · 1940
- Ann Owens, Administratrix of the Estate of Maynard S. Owens, Deceased v. Sun Oil Company, a CorporationCourt of Appeals for the Tenth Circuit · 1973
- Murchison v. MurchisonSupreme Court of Arkansas · 1923
- Parks v. ParksSupreme Court of Arkansas · 1944
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