Masury v. Arkansas Nat. Bank
Court of Appeals for the Eighth Circuit
Appeal from the Circuit Court of the United States for the Eastern District of Arkansas. This (‘ase grows out of the following facts: On January 12, 1891, Ed.
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Appeal from the Circuit Court of the United States for the Eastern District of Arkansas. This (‘ase grows out of the following facts: On January 12, 1891, Ed. Hogaboom, who was the. owner of 400 shares of stock in the Bark Hotel Company, an Arkansas corporation, of the par value of $25 per share, assigned the certificate therefor to Grace Masury, the appellant and the complainant below, as collateral security for a loan of $10,000 which was that day made by her to said Hogaboom. The pledge of the stock was made in the state of New York. On May 1, 1890, the Arkansas National Bank, one of the…
1Opinion of the CourtThayer, Circuit Judge
The claim of the Arkansas National Bank, the attaching creditor, to the 400 shares of stock in controversy, derives little or no support from the Arkansas statute (section 1342, supra), which declares that stock in a corporation shall be deemed personal property, and shall be transferred only on the books of the corporation in such form as *605the directors shall prescribe, and from the further fact that such a transfer on the hooks of the stock in controversy had not been made when the attachment was levied. In a great number of cases it has been held, and such must be regarded as the prevailing…
2Cases cited11 opinions
- McNeil v. . the Tenth National BankNew York Court of Appeals · 1871
- Johnston v. LaflinSupreme Court of the United States · 1881
- Brewster v. HartleyCalifornia Supreme Court · 1869
- National Bank of Commerce in Denver v. AllenCourt of Appeals for the Eighth Circuit · 1898
- Horton v. MercerCourt of Appeals for the Eighth Circuit · 1895
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3Cited by9 opinions
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- Nat. Bank Etc. v. Western Pac. Ry. Co.California Supreme Court · 1910
- Bankers Trust Co. v. RoodSupreme Court of Iowa · 1930
- Eubank v. Bryan County State Bank of CaddoCourt of Appeals for the Eighth Circuit · 1914
- Bleakley v. . CandlerSupreme Court of North Carolina · 1915
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