Greenberg v. Manganese Products, Inc.

Two questions are presented on this appeal: (1) Is a chattel mortgage filed within ten days of its delivery to the mortgagee but more than ten days subsequent to its signing and acknowledgment, filed within ten days of its execution within the purview of Rem. Supp. 1943, § 3780 [P.P.C. § 186-3] ? (2) Is corporate stock belonging to the promoters of a corporation and held by one of them in a discretionary trust for the benefit of the corporation and its stockholders, when given as a bonus to an individual who loans money to the corporation at a legal rate of interest, such a consideration for…