Bancokentucky Co. v. Weil

Opinion of the Court by

Judge Ratliff

Reversing.

In.May, 1930, the appellees, Jesse Weil and his wife, Vivien Weil, were the owners of 528 shares of the capital stock in the Mechanics’ Trust & Savings Bank of Paducah, Ky.

Jesse Weil, acting for himself and as agent of his wife, in May, 1930, entered into negotiations with the appellant, BancoKentucky, a banking institution of Louisville, Ky., for an exchange of the stock owned by him and his wife in the Mechanics’ Bank, for stock in BancoKentucky.

The trade was finally consummated in September, 1930. The ratio of exchange of stock was nine to one,…