Krouse v. Woodward

California Supreme Court
Krouse v. Woodward, 5 Cal. Unrep. 230 (Cal. 1895)
42 P. 1085; 1895 Cal. LEXIS 1160
Temple

Krouse v. Woodward

Opinion of the Court

TEMPLE, J.

This is the same case as that already decided on the appeal of Woodward (Krouse v. Woodward, 110 Cal. 638, 42 Pac. 1084). The plaintiff has also appealed from that part of the judgment which denies him relief against Alexander and against the defendant corporation. The judgment is clearly right. By the indorsed assignment he made Woodward the apparent owner of the stock; and, when the court found that Alexander was a purchaser in good faith and for value, plaintiff had lost his case against Alexander. It did not matter that the stock stood on the books in plaintiff’s name. These indorsed certificates do pass from hand to hand, and such is a usual mode of selling stock. The judgment in favor of Alexander is affirmed.

We concur: McFarland, J.; Henshaw, J.

Reference

Full Case Name
KROUSE v. WOODWARD
Cited By
2 cases
Status
Published
Syllabus
Corporate Stock,—One Who Purchases Stock from a Bailee who, by the indorsed assignment, is made the apparent owner thereof, will be protected as against the bailor, though the stock stood on the corporation books in the latter’s name.