Municipal Court v. United States Fidelity & Guaranty Co.

Heard on demurrer to a declaration for breach of a guardian’s bond conditioned as per General Laws of 1909, Chap. 320, Sec. 1, Sub-section 3.

The declaration alleges the receipt by the -guardian of certain money arising from the liquidation of the M’Neal Corporation, a realty Company. By Sec. 3 of the Act to incorporate -said corporation, passed by the. General Assembly in June 1847, it is provided: “The number of shares of the capital stock shall be 640, and the shares shall be deemed real estate, and shall -be transferred by deed, in the same manner, and ■with the same formalities and legal…