William B. Evans v. Carroll & Co.

Evans alleged in a complaint originally filed in the Montana State Courts charging conversion that he had ordered from defendant Carroll & Co. (a corporation engaged in the brokerage business) 75,000 shares of common stock of Colotah Uranium Co., Inc., a corporation, at a price of seven cents per share, or $5,250.-00. Evans subsequently discovered the stock was “non-deliverable,” i. e., it was deliverable subject to a limitation that such certificate could not be sold or transferred without the prior consent of one William L. Branch, or one Howard P. Carroll. Defendant removed the cause of…