Legal Opinion
Deering Milliken, Inc. v. Clark Estates, Inc.
New York Court of Appeals
Decided February 14, 1978PublishedCited by 6 opinions
1Opinion of the Court
OPINION OF THE COURT
Jones, J.
When a contract is made for the future transfer of beneficial interest in stock and no provision is made therein by the buyer and seller as to which shall be entitled to receive regular dividends declared before the purchase price is paid and delivery of the stock certificates made, such dividends remain the property of the seller.
On March 31 and April 5, 1967 Deering Milliken, Inc., executed agreements for the purchase from defendants, executors under the will of Susan Vanderpoel Clark and the Clark Estates, Inc., of some 480,000 shares of stock of Albany Felt…
2Cases cited10 opinions
- Hartford Accident & Indemnity Co. v. WesolowskiNew York Court of Appeals · 1973
- Mallad Construction Corp. v. County Federal Savings & Loan Ass'nNew York Court of Appeals · 1973
- Hopper v. . SageNew York Court of Appeals · 1889
- Johnson v. . UnderhillNew York Court of Appeals · 1873
- Ford v. SnookAppellate Division of the Supreme Court of the State of New York · 1923
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3Cited by6 opinions
- Benincasa v. GarrubboAppellate Division of the Supreme Court of the State of New York · 1988
- People v. DicksonNew York Supreme Court · 1998
- Wilcom v. WilcomCourt of Special Appeals of Maryland · 1986
- Guri v. Atlanta International InsuranceCivil Court of the City of New York · 1996
- Shevlin v. National Conservation Corp.Appellate Division of the Supreme Court of the State of New York · 1993
1 more not listed; retrieve them via the Exa API.