Erickson v. Midland National Bank and Trust Co.

Stone, Justice.

After issues were joined by complaint, answer, and reply, defendant got judgment on the pleadings. Plaintiff appeals.

The action is founded on a contract of pledge between E. Hugo Erickson and defendant. The subject matter was the certificate for valuable corporate stock. Defendant as pledgee made a sale which, we assume, was unauthorized. It purchased and still has the stock. Plaintiff’s leading claim is that there was a conversion. It is maintained also, in the alternative, that against a demurrer or motion for judgment on the pleadings the complaint states also a cause of…