Four-Three-O-Six Duncan Corp. v. Security Trust Co.

COIL, Commissioner.

Respondent, plaintiff below, filed a suit to restrain appellant Security Trust Company (hereinafter sometimes called Bank) from selling and to regain possession of certain securities which it had pledged as collateral for the performance by respondent of the 'provisions of a certain guaranty agreement. Bank has appealed' from the trial chancellor’s judgment ordering it to surrender to respondent the described securities. As will appear from the facts hereinafter stated, jurisdiction is in this court because the amount in dispute exceeds $15,000.

In our de novo review of this…