Legal Opinion

Arneson v. Nerger

South Dakota Supreme Court

Decided June 29, 1914PublishedCited by 8 opinions

Appeal from- 'Circuit Court, D-ay -County. Hon-. Frank Mc-Nurty, Judge. Action iby Olaf Arneson against E. A. Nerger, for -conversion' of corporate stock. -From a judgment for plaintiff, and from ' an order denying a new trial, defendant appeals. (i) Under point one of -the opinion, Appellant cited: 31 Cyc. P'age-s 507-8; Hlolyke v. Adams, 59 N. Y. 233; Dusty v. Dancing, 3 N. Y. St. 699. Respondent cited: Munier v. Zachery, 138 Iowa, 219; 16 Am. !& Eng. Ann.

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Appeal from- 'Circuit Court, D-ay -County. Hon-. Frank Mc-Nurty, Judge. Action iby Olaf Arneson against E. A. Nerger, for -conversion' of corporate stock. -From a judgment for plaintiff, and from ' an order denying a new trial, defendant appeals. (i) Under point one of -the opinion, Appellant cited: 31 Cyc. P'age-s 507-8; Hlolyke v. Adams, 59 N. Y. 233; Dusty v. Dancing, 3 N. Y. St. 699. Respondent cited: Munier v. Zachery, 138 Iowa, 219; 16 Am. !& Eng. Ann. Cases, 526; Donley v. Gladiator Co., 134 Io-wa, 468. (2) Under point two of the opinion, Respondent cited: Doyle v. Edwards, 91 N. W.…

1Opinion of the CourtSmith, P. J.

The Elevator Store ‘Company was a domestic corporation doing business- in the city of Webster, Day County. Its stock -was divided into 750 shares- of the nominal value of $100.00 per share. The plaintiff Ameson, ;wias the owner of 250 of these shares. On Jan. 22, 1910, he executed and delivered to the defendant Ner-ger, seven promissory notes, aggregating $16,-500, bearing interest at 8 per cent per annum-, and to secure payment thereof, -executed a-nd -delivered a chattel mortgage on said stock, which contained a provision that upon -default, the mortgagee was authorized- to sell the shares-…

2Cases cited14 opinions

  1. Price v. Standard Life & Accident InsuranceSupreme Court of Minnesota · 1903
  2. Dooley v. Gladiator Consolidated Gold Mines & Milling Co.Supreme Court of Iowa · 1906
  3. Soules v. Brotherhood of American YeomenNorth Dakota Supreme Court · 1909
  4. State v. YokumSouth Dakota Supreme Court · 1899
  5. Munier v. ZacharySupreme Court of Iowa · 1908

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3Cited by8 opinions

  1. Western Consolidated Cooperative v. PewSouth Dakota Supreme Court · 2011
  2. Haussler v. WilsonCalifornia Court of Appeal · 1958
  3. Stafford-Lewis v. WainCalifornia Court of Appeal · 1954
  4. State v. MurraySouth Dakota Supreme Court · 1926
  5. Pinches v. New Farmers' Grain Co.South Dakota Supreme Court · 1927

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