Wood v. Provident Trust Co.

The question presented in this case is whether the receiver of a corporation, with a large fund in his hands belonging to the corporation for distribution among its stockholders, may contest the claim of the personal representatives of a non-resident stockholder for payment of such stockholder’s distributive share of the fund based upon the number of shares' of the capital stock of the corporation owned by such stockholder upon the ground that the stockholder had monies and properties in his hands at the time of his decease and which are now in the hands of his legal representatives making…