(Download) "Edgerly v. First Nat. Bank Boston Et Al." by Supreme Court of Minnesota # eBook PDF Kindle ePub Free
eBook details
- Title: Edgerly v. First Nat. Bank Boston Et Al.
- Author : Supreme Court of Minnesota
- Release Date : January 23, 1935
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 70 KB
Description
LUMMUS, Justice. The plaintiff deposited for safe keeping with an investment banker named Crowell, among other stock certificates, an unindorsed certificate in the name of the plaintiff for five thousand three hundred and ninety-seven shares of class A stock of the Moxie Company, a Massachusetts corporation. Some months later, Crowell advised the plaintiff to replace a loan from State Street Trust Company of $20,000, secured by one thousand shares of stock of Massachusetts Investors Trust, by a loan of the same amount which Crowell undertook to obtain from the defendant First National Bank of Boston upon his own note, secured by other stock that was to be bought with the proceeds of the sale of the stock of Massachusetts Investors Trust. Crowell further stated that in order to put the transaction through he would need stock powers and a permission to pledge signed by the plaintiff. He suggested that several stock powers would be advisable in order that the Massachusetts Investors stock might be split for sale.
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