Wood v. Paul
Supreme Court of Pennsylvania
Appeal, No. 162, January T., 1915, by plaintiffs, from decree of C. P. No. 5, Philadelphia Co., March T., 1914, No. 1074, in equity, dismissing bill in equity to require defendants to transfer stock, in case of John E. Wood and Oliver G. Wood v. J. Rodman Paul and H. Alan Dawson, executors of the last will and .testament of William O. Wood, deceased, and Gretchen Wood, widow of William O. Wood, deceased.
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Appeal, No. 162, January T., 1915, by plaintiffs, from decree of C. P. No. 5, Philadelphia Co., March T., 1914, No. 1074, in equity, dismissing bill in equity to require defendants to transfer stock, in case of John E. Wood and Oliver G. Wood v. J. Rodman Paul and H. Alan Dawson, executors of the last will and .testament of William O. Wood, deceased, and Gretchen Wood, widow of William O. Wood, deceased. Bill in equity to require defendants to transfer certain shares of stock to plaintiffs. Before Ralston, J. The opinion of the Supreme Court states the facts. The court dismissed the bill.…
1Opinion of the Court
Opinion by
Mr. Justice Elkin,
This is a controversy between the executors and widow of William O. Wood, deceased, on one side, and his brother and nephew on the other, in which is involved the ownership of 253 shares of the capital stock of a manufacturing corporation. The decedent, who held a controlling interest therein, desiring to be relieved from business cares and at the same time procure an income sufficient to meet his wants, executed a declaration of trust in favor of his brother and nephew, setting aside his stock to be held and enjoyed upon the uses and trusts therein set forth. The…
2Cases cited2 opinions
- Sheffield Water Co. v. Elk Tanning Co.Supreme Court of Pennsylvania · 1909
- Grubb v. GrubbSupreme Court of Pennsylvania · 1882
3Cited by3 opinions
- Damiani v. LobascoSupreme Court of Pennsylvania · 1951
- Osborn v. Bankers Trust Co.New York Supreme Court · 1938
- Kershner EstateSuperior Court of Pennsylvania · 1956