Covey v. Covey
Court of Appeals of Utah
1Opinion of the Court
OPINION
DAVIS, Judge:
¶ 1 Almon Covey (Almon) appeals from two trial court judgments entered on August 14, 2001, and February 8, 2002. We affirm.
BACKGROUND
¶2 Almon is the older brother of Noel Covey (Noel). Sometime during 1991, Almon asked Noel to loan him 7219 shares of Sears, Roebuck and Co. stock (the Sears stock) that she owned. Almon wished to use the Sears stock to pledge as collateral on a margin account that he had with a securities brokerage firm, Covey & Co. Almon was a stockbroker with Covey & Co. and also its principal owner.
¶ 3 To document the loan of the Sears stock, Almon and…
2Cases cited20 opinions
- State v. PenaUtah Supreme Court · 1994
- Valcarce v. FitzgeraldUtah Supreme Court · 1998
- Crookston v. Fire Insurance ExchangeUtah Supreme Court · 1991
- Management Services Corp. v. Development AssociatesUtah Supreme Court · 1980
- Jeffs v. StubbsUtah Supreme Court · 1998
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3Cited by23 opinions
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- Iota, LLC v. Davco Management Co.Court of Appeals of Utah · 2012
- RJW Media Inc. v. HeathCourt of Appeals of Utah · 2017
- Cowley v. PorterCourt of Appeals of Utah · 2005
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