Krull v. Pierce

This litigation has its origin in a written contract dated January 27, 1931, whereby Elizabeth V. Pierce assigned to her son, the appellee Henry Douglas Pierce, Jr., 332 shares of the capital stock of the Vinton-Pierce Company, an Indiana corporation. This contract of assignment contained certain conditions subsequent, whereby the said appellee Pierce was obligated to devote the dividends “apportionable” to said stock to the use and benefit of his mother, the said Elizabeth V. Pierce, and his sister, the appellant herein, during their respective lives.

The Vinton-Pierce Company has paid no…