Egan, Admr. v. United Gas Imp. Co.

Opinion by

Mr. Justice Maxey,

John Stotz, now deceased, owned six shares of preferred stock and 285 shares of common stock of the United Gas Improvement Company of Philadelphia. He died April 13, 1932, and left a will which was duly probated, in which he appointed a friend, executor and trustee. Four days after Stotz’s death, this stock was delivered to Edward B. Smith & Company (hereinafter referred to as the company), by the man (also now deceased) whom Stotz had named as executor. At that time the company did not know, that Stotz was dead. These certificates were endorsed for transfer with…