Masury v. Arkansas Nat. Bank
U.S. Circuit Court for the District of Eastern Arkansas
This is a bill in equity by Grace Masury against the Arkansas National Bank and others to cancel a sheriff’s sale of shares in a corporation, and to declare and foreclose a lien on the stock. The cause was heard on demurrer to the bill. This cause is before the court on a demurrer to the bill and amended bills.
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This is a bill in equity by Grace Masury against the Arkansas National Bank and others to cancel a sheriff’s sale of shares in a corporation, and to declare and foreclose a lien on the stock. The cause was heard on demurrer to the bill. This cause is before the court on a demurrer to the bill and amended bills. The material facts necessary to a determination of the demurrer are: Hogaboom was the owner and holder of shares of stock of the Park Hotel Company, a corporation existing under the laws of the state of Arkansas, and having its domicile in the county of Garland. That, of the shares…
1Opinion of the Court
WILLIAMS, District Judge.
The only questions involved are whether, under the statutes of Arkansas, a seizure of shares of the capital stock of a corporation existing under the laws of that state, by virtue of a writ of attachment, or under execution, takes precedence over a prior transfer or pledge, not transferred on the books of the corporation, nor filed for record in the office of the county clerk of the county in which the corporation transacts its business, and whether the laws of this state govern such a transfer, if made in another state. As to the last proposition, learned counsel for…
2Cases cited24 opinions
- Bank v. LanierSupreme Court of the United States · 1871
- Black v. J. W. Zacharie & Co.Supreme Court of the United States · 1845
- Kentucky Life & Acc. Ins. v. HamiltonCourt of Appeals for the Sixth Circuit · 1894
- Bullard v. BankSupreme Court of the United States · 1874
- Marlborough Manufacturing Co. v. SmithSupreme Court of Connecticut · 1818
19 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- London, Paris & American Bank v. AronsteinCourt of Appeals for the Ninth Circuit · 1902
- Mau v. Montana Pacific Oil Co.Court of Chancery of Delaware · 1928
- Copeland v. CraigSupreme Court of South Carolina · 1940