King v. Mellon National Bank
Supreme Court of Pennsylvania
Oct. T., 1909, by defendant, from decree of C. P. No. 3, Allegheny Co., Aug. T., 1908, No. 648, on bill in equity in case of Rachel A. A. King v. Mellon National Bank, of Pittsburg. Bill in equity to compel the surrender of certain certificates of stock and for an account. Before Miller, J., specially presiding. The facts are stated in the opinion of the Supreme Court. The court entered a decree directing proceeds of sale of the stock to be paid to plaintiff.
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Oct. T., 1909, by defendant, from decree of C. P. No. 3, Allegheny Co., Aug. T., 1908, No. 648, on bill in equity in case of Rachel A. A. King v. Mellon National Bank, of Pittsburg. Bill in equity to compel the surrender of certain certificates of stock and for an account. Before Miller, J., specially presiding. The facts are stated in the opinion of the Supreme Court. The court entered a decree directing proceeds of sale of the stock to be paid to plaintiff. Error assigned was the decree of the court.
1Opinion of the Court
Opinion by
Mr. Justice Brown,
January 3, 1910:
This bill was filed to compel the Mellon National Bank of Pittsburg to surrender to the complainant three certificates of the capital stock of the Pittsburg Trust Company and for an accounting of dividends received thereon. The complaint of the appellee is that the thirty-two shares of stock for which she held the three certificates were her property and were unlawfully pledged to the bank by Whitney & Stephenson, a firm of brokers, as collateral security for their indebtedness to it. There is no dispute about the facts upon which the decree in her…
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