Lane v. Volunteer Co-operative Bank

The plaintiff seeks to recover the value of five shares of stock in the defendant bank, alleged to have been converted by the defendant.

*48The defendant’s answer is a general denial. There is testimony which if believed would support a finding that the said shares-were assigned to the plaintiff for a valuable consideration; that a demand was made on the defendant for a transfer of the stock to the plaintiff and that the defendant refused to do so, claiming that it had applied them in payment of a debt due it from the assignor of the shares. There is also testimony, which if believed warranted…