Litteral v. Houser

The individual appellant, assignee of all the rights of sell ers of corporate stock representing control of two cemetery companies, claimed a default in payment of an installment of the purchase price and retook the stock from the escrow agent, claiming to hold it free of all interest of the purchaser. Because the purchaser, the appellee, continued to claim to be the owner of the stock and attempted to act in respect of the corporations as if he were, the assignee brought a bill to enjoin him from so acting, for an accounting of all corporate funds improperly spent by the purchaser while he…