Ogilvie v. Idaho Bank & Trust Co.

ON REHEARING

McFADDEN, Justice.

The previous opinion in this ease is withdrawn and this opinion is hereby substituted.

This appeal arises from an action to recover stock certificates pledged to defendant-appellant Idaho Bank and Trust Company (hereinafter IB&T). The district court granted summary judgment in favor of plaintiff-respondent L. Katharine Ogilvie (hereinafter respondent Ogilvie), holding that the pledge of the stock certificates was invalid and that IB&T acquired no rights by the pledge. The judgment is affirmed.

Stock certificates representing 629 shares of common stock of Idaho…