Prudential Petroleum Corp. v. Rauscher, Pierce & Co.

YOUNG, Justice.

This suit was instituted by appellee against appellant Corporation for an alleged conversion of corporate stock; charging that the latter had unlawfully refused to transfer on its books a certificate for 1,000 shares of Company stock, which number of shares had been sold by plaintiff as agent for Paul E. Bell to Stanley Pelz & Co., Inc., New York City. An interlocutory judgment by default was rendered against Bell, also named a defendant; and upon trial to the court after overruling of exceptions, judgment was likewise rendered against the Petroleum concern for $950, which…