Crane Valley Land Co. v. Bank of America National Trust & Savings Ass'n

This is a ease in which two brothers of a decedent, both of whom recognized his rights in certain stock of a family corporation throughout his lifetime, seek to deprive his widow of those rights, now that he is dead. Frustrated in their attempt by the judgment below, they now ask us to reverse. The appeals present two questions: (1) whether Crane Valley Land Company can have certain shares of its capital stock declared void because they were issued to the decedent without a permit from the Commissioner of Corporations; and (2) whether those same shares, if validly issued, were held by the…