Laden v. Baader

The complainant sues for certain 50 shares of the stock of the defendant United Conclave Building and Loan Association, now in liquidation. The shares had originally been issued in 1922 and 1924 to Jacob Fischel. In 1937, the Association issued in their stead, new certificates in the name of Federal Trust Company. On July 25th, 1938, the Trust Company sold the stock to complainant and delivered to her the certificates which it held.

A stock certificate is a muniment of title; it is evidence, as between the holder thereof and the corporation, that the person named therein is the owner of the…