Brinen v. Muskegon Savings Bank
Michigan Supreme Court
Appeal from Muskegon; Sullivan, J. Bill by William Brinen against the Muskegon Savings Bank for an adjudication of complainant’s and defendant’s conflicting claims or liens on certain stock. From a decree for defendant, complainant appeals.
1Opinion of the CourtMoore, J.
In this case the question is: Who of the parties has the superior right in ten shares of the capital stock of defendant company ? Complainant asserts that he is the owner; while defendant contends it has a lien upon the stock which is superior to and takes precedence over the right claimed by complainant.
Defendant is a banking corporation. On December 31, 1910, Frank G. Jones, the then owner of ten shares of its capital stock, became indebted to defendant, which debt was evidenced by the following writing:
*415“Muskegon, Michigan, Dec. 31,1910.
“ On demand after date I promise to pay to the order…
2Cases cited2 opinions
- Citizens' Savings Bank v. VaughanMichigan Supreme Court · 1897
- Bronson Electric Co. v. RheubottomMichigan Supreme Court · 1900
3Cited by1 opinion
- National City Bank of Chicago v. Kalamazoo City Sav. BankCourt of Appeals for the Sixth Circuit · 1916