Union Bank v. United States Exchange Bank
Appellate Division of the Supreme Court of the State of New York
Appeal by the defendant, the United States Exchange Bank, from a judgment of the Supreme Court in favor of the plaintiff, entered in the office of the clerk of the county of Kings on the 29th day of March, 1910, upon the decision of the court rendered after a trial at the Kings County Special Term.
1Opinion of the Court
RlCH, J. :
The question to be determined upon this appeal is, which of the two parties have prior and superior right to a fund paid as dividends upon ten shares of the capital stock of the defendant standing on its books in the name of Harris L. Feldman.
■ The undisputed facts are that on March 28, 1907, the defendant transferred ten shares of its capital stock of the par value of $100 each to Feldman, and issued a certificate therefor which provided that the stock was transferable only on the books of the bank, in person or by power of attorney and surrender of the certificate. The same day…
2Cases cited4 opinions
- McNeil v. . the Tenth National BankNew York Court of Appeals · 1871
- Bank of Attica v. . Manufacturers' and Traders' BankNew York Court of Appeals · 1859
- Bridges v. . National Bank of TroyNew York Court of Appeals · 1906
- Pearsall v. Nassau National BankAppellate Division of the Supreme Court of the State of New York · 1902
3Cited by5 opinions
- Stephenson v. LandeggerDistrict Court, S.D. New York · 1971
- In re the Estate of CookeNew York Surrogate's Court · 1933
- In re the Estate of KatzNew York Surrogate's Court · 1989
- In re the Judicial Settlement of the Intermediate Account of Proceedings of StarbuckNew York Surrogate's Court · 1927
- Hale v. West Porto Rico Sugar Co.Appellate Division of the Supreme Court of the State of New York · 1922