Hood Ex Rel. North Carolina Bank & Trust Co. v. North Carolina Bank & Trust Co.

A. Brand died on 24 June, 1930. He had $5,000 (500 shares, par value of $10.00) in stock in the N. C. Bank and Trust Company. Under his will he left same to the N. G. Bank and Trust Company and Margaret E. Brand, executors and trustees for certain purposes. “Immediately after his death said stock came into the possession of the executors of his estate and was transferred on the books and records of the bank to £N. O. Bank and Trust Company and Margaret E. Brand, executors of the last will and testament of R. A. Brand, deceased.’ ” Nothing else appearing, the stock would be assessable “for all…