Madison Bank v. Price

The opinion of the court was delivered by

Burch, J.:

W. 0. Waymire, a stockholder of the Madison Bank, assigned his certificates of stock in due form to W. M. Price and W. S. Fallís. The assignees. demanded a transfer of the stock on the books of the bank. The demand was refused, and this action was. commenced to compel the bank to make the transfer. One of the defenses was that Waymire was indebted to the bank in a large sum, composed of numerous items arising out of various and diverse transactions .covering a long period of time. The reply was in. part estoppel, involving knowledge, assent,…