Legal Opinion

Bank of Louisville v. Gray

Court of Appeals of Kentucky

Decided December 9, 1886PublishedCited by 7 opinions

Case 76 — PETITION EQUITY APPEAL FROM LOUISVILLE CHANCERY COURT. 1, In determining whether or not the bank stock in controversy is the separate estate of Mrs. Gray, sec. 15 of art. 4, chap. 52, of the General Statutes, does not apply, as the stock was transferred to her while the Revised Statutes were in force; and the certificate hold by Mrs. Gray is clearly not within the provisions of the Revised Statutes.

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Case 76 — PETITION EQUITY APPEAL FROM LOUISVILLE CHANCERY COURT. 1, In determining whether or not the bank stock in controversy is the separate estate of Mrs. Gray, sec. 15 of art. 4, chap. 52, of the General Statutes, does not apply, as the stock was transferred to her while the Revised Statutes were in force; and the certificate hold by Mrs. Gray is clearly not within the provisions of the Revised Statutes. (Revised Statutes, chap. 47, art. 4, sec. 16.) 2. The mere fact that the certificate is in the name of the husband as true-tee for his wife is not sufficient to constitute the stock her…

1Opinion of the Court

JUDGE HOLT

delivered the opinion of the court.

Lucy A. Gray, upon the death of her brother, became entitled to a portion of his estate. Her husband, George Gray, being absent, it was, on October 3, 1872, through her friend, invested in thirty-five shares of stock of the Bank of Louisville, and the certificate made out in the nadie of “George Gray as trustee for Lucy A. Gray.” When the husband returned, he approved the investment; and until January, 1875, the dividends were received by her, he always recognizing the trust. The stock stood in his name as trustee upon the books of the bank, At…

2Cited by7 opinions

  1. Kessler v. Jefferson Storage CorporationCourt of Appeals for the Sixth Circuit · 1941
  2. Redhead v. Iowa National BankSupreme Court of Iowa · 1905
  3. Winchester & Lexington Turnpike Co. v. Wickliffe's Adm'rCourt of Appeals of Kentucky · 1897
  4. Central West Casualty Co. v. StewartCourt of Appeals of Kentucky (pre-1976) · 1933
  5. In Re Dant & Dant of KentuckyDistrict Court, W.D. Kentucky · 1941

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