Alexander v. Rollins
Missouri Court of Appeals
Appeal from the St. Louis Circuit Court, Thayer, J. Stock notes of insurance companies are not negotiable.— Stillwell v. Oraig, 58 Mo. 24; Schultz v. Sutter, 3 Mo. App. 137 ; 1 Wag. Stats., p. 744, sects. 19, 20. And the indorsement of them by the corporation would be a nullity.— Strauss v. Eagle Ins. Go., 5 Ohio St. 65; Story on Bills, sect. 79 ; Floyd’s Acceptances, 7 Wall. 666. If such stock notes are negotiable, they are so only under statutory limitations.— 1 Wag.
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Appeal from the St. Louis Circuit Court, Thayer, J. Stock notes of insurance companies are not negotiable.— Stillwell v. Oraig, 58 Mo. 24; Schultz v. Sutter, 3 Mo. App. 137 ; 1 Wag. Stats., p. 744, sects. 19, 20. And the indorsement of them by the corporation would be a nullity.— Strauss v. Eagle Ins. Go., 5 Ohio St. 65; Story on Bills, sect. 79 ; Floyd’s Acceptances, 7 Wall. 666. If such stock notes are negotiable, they are so only under statutory limitations.— 1 Wag. Stats, p. 744, sects. 19, 20 ; Attorney-General v. Life and Fire Ins. Go., 9 Paige, 474; Smithy. Ale. Life Ins. Go., 4 Ala.…
1Opinion of the CourtBakewell, J.
This was a bill in equity against James S. Eollins, George J. Davis, and the superintendent of the insurance department of Missouri in charge of the assets of the Life Association of America, to avoid a transaction by which Eollins obtained possession of certain stock notes and bonds, part of the assets of the Columbia Life Insurance Company. Judgment is asked against Eollins for the amount of the notes, which were made by him, and that he be required to deliver up the bonds.
The petition alleges that Davis acquired these assets by fraud, and fraudulently transferred them to Eollins, in…
2Cases cited3 opinions
- Alexander v. RelfeSupreme Court of Missouri · 1881
- Stillwell v. CraigSupreme Court of Missouri · 1874
- Alexander v. RelfeMissouri Court of Appeals · 1880
3Cited by2 opinions
- Reynolds v. Chicago, Burlington & Quincy RailroadMissouri Court of Appeals · 1905
- Hoppe v. SaylorMissouri Court of Appeals · 1893