Dorr v. Life Insurance Clearing Co.

This was an action to establish a lien claimed by plaintiff upon 29 shares of defendant’s capital stock, the certificates therefor having been executed, issued and delivered to one Russell R. Dorr as an original subscriber for stock shares in defendant corporation. It was plaintiff’s claim that Dorr had pledged these stock shares to her to secure an indébtedness for money borrowed with which to pay for them when issued. The defendant corporation asserted a lien upon the shares, alleged to be superior and paramount, for and on account of an indebtedness due to it from Dorr arising out of his…