Provident Trust Co. v. Geyer
Supreme Court of Pennsylvania
Appeal, No. 133, Oct. T., 1914, by plaintiff, from decree of C. P. Allegheny Co., Jan. T., 1913, No. 1649, dismissing bill in equity for discovery and for an accounting in case of Prolident Trust Company a corporation, Charles Ober, Henry Albrecht, James W. Dickson, Ida Kirschler and Annie K. Sauer, v. Charles Geyer, Joseph Stybr and Morris Einstein. Bill in equity to declare a trust and for an accounting.
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Appeal, No. 133, Oct. T., 1914, by plaintiff, from decree of C. P. Allegheny Co., Jan. T., 1913, No. 1649, dismissing bill in equity for discovery and for an accounting in case of Prolident Trust Company a corporation, Charles Ober, Henry Albrecht, James W. Dickson, Ida Kirschler and Annie K. Sauer, v. Charles Geyer, Joseph Stybr and Morris Einstein. Bill in equity to declare a trust and for an accounting. Before Frazer, P. J. The facts appear by the opinion of the Supreme Court. The court on final hearing dismissed the bill. Plaintiff appealed. Errors assigned were in dismissing exceptions…
1Opinion of the Court
Opinion by
Mr. Justice Elkin,
The main question for decision in this case is whether the 1,921 shares of the capital stock of the defendant corporation, which remained in the treasury as unissued stock until July 29, 1912, belonged to Geyer, *425Stybr and Einstein, or to the corporation at the time of the sale to Callery. If these shares of stock were the property of the three individuals named, they had the right to dispose of them as they pleased and to sell them at whatever price they could obtain; if on the other hand, these shares belonged to the corporation as unissued stock, and were sold by…
2Cases cited1 opinion
- Hechelman v. GeyerSupreme Court of Pennsylvania · 1915
3Cited by3 opinions
- Kremer v. SelheimerDistrict Court, E.D. Pennsylvania · 1963
- Hechelman v. GeyerSupreme Court of Pennsylvania · 1915
- Federal Reserve Life Insurance v. GregorySupreme Court of Kansas · 1931