A Treatise on the Law of Stock and Stockholders as Applicable to Railroad, Banking, Insurance, Manufacturing, Commercial, Business Turnpike, Bridge, Canal, and Other Private Corporations

A Treatise on the Law of Stock and Stockholders as Applicable to Railroad, Banking, Insurance, Manufacturing, Commercial, Business Turnpike, Bridge, Canal, and Other Private Corporations

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1887 edition. Excerpt: ... tl alp innocent misunderstanding of a c er ' Swan v. North British Co., 7 H. & N. 603 (1862), practically overruling E' pm-leSwan, 7 C. B. N. S. 400. ' Shnw v. Port Philip dz C. Gold Min. Co., L. R. 13 Q. B. D. 103 (1885), where the corporation was held liable on a certificate signed and issued by the secretary of the corporation, but who had firged thereto the names of the other corporate ofiicers whose signatures were necessary to the issue of a certificate of stock. Of. Duncan v. Luutley, 2 McN. & G. 80 (1849). By statute in many of the States such forgeries are rnaie a special oriminaloffeuse. Regina v. Nash, 2 Denison's Grim. C. 493 (1852); New York Penal Code, 591. See also Manhattan Beach Co. v. Hirned, 27 Fed. Rep. 484 (1886), where, however, the is 364. Rights and liabilitie.s of transferees of forged cartifica tes of stock, tlwre being no intervening registry on corporate b00ks.--The position of a transferee of a certificate of stock which is invalid by reason of forgery, depends largely on whether there has been an intervening registry of transfer on the corporate books, since the former owner was deprived of his stock by the forgery. The forger himself is of course liable, not only to the real stockholder, but also to any other person who has been injured by the forgery. If the purchaser of stock, from one who has forged a transfer of the same, sells the same after being notified by the real owner, that the latter claims the stock and has been deprived of it by forgery, the real owner may recover damages in trover for the value of the stock from the person who so sells, although he purchased in good faith and without notice of the forgery.' If the forgery is committed by a member of a...show more

Product details

  • Paperback | 396 pages
  • 189 x 246 x 21mm | 703g
  • Rarebooksclub.com
  • English
  • Illustrations, black and white
  • 1236847091
  • 9781236847096