Peoples Bank v. Jones

Grice, Justice.

The stock certificate was issued on September 5, 1928. Therefore the uniform stock-transfer act, approved March 23, 1939 (Ga. L. 1939, p. 384), has no application, since section 23 of that act in effect declares that its provisions apply only to certificates issued after its approval. This case must be decided keeping in view the most peculiar character of the indorsement appearing on -the certificate. It may well be doubted whether any court will ever be confronted again with similar facts. Met, as this court is, with the unusual conditions here shown, the problem nevertheless…