Peterson v. Spohrer

PEARSON, Judge.

The appellants sued the appellee in the trial court seeking a declaratory judgment as to the ownership of 21 shares of bearer’s stock in a Honduran airline, known as TAN. The appellee was the daughter of C. N. Shelton and became the administra-trix C.T.A. of her father’s estate after his death. The controversy arose out of appellant’s claim that the appellee converted to her own use 21 shares of stock in TAN. Mr. Shelton during his lifetime controlled the Honduran airline and appellee claimed that she took possession of the 21 shares of stock after his death pursuant to an…