Lindner v. Utah Southern Oil Co.

WOLFE, Chief Justice.

The respondent, plaintiff below, from June, 1931, to June, 1951, was the bona fide owner of 1000 shares of stock in the appellant corporation, defendant below, evidenced by properly endorsed stock certificates delivered to her in the year 1931. Between 1948 and 1950, defendant declared dividends on the 1000 shares and paid them to the record owners before defendant had any notice of plaintiff’s claim to the stock in question. Plaintiff sued the defendant corporation to recover these dividends.

Two hundred of these shares were issued by the corporation on December 30, 1925,…