Andrew v. Sanford

The facts in this case, as shown by the record, are that the Iowa Savings Bank of Douds was duly incorporated under the-laws of the State of Iowa and doing a general banking business. The defendant, Drover L. Sanford,. was originally the owner of one share of stock in said bank of the par value of $100, and his name so appeared on the books of the bank. On or about the 14th day of July, 1924, he sold this share of stock, in good faith, to R. C. Cramlet, receiving a valuable consideration therefor. Sanford went to the bank, advised the officers of the bank of the sale, and directed them to…