[Download] "Miller v. Zandt" by Fifth Circuit Circuit Court Of Appeals * eBook PDF Kindle ePub Free
eBook details
- Title: Miller v. Zandt
- Author : Fifth Circuit Circuit Court Of Appeals
- Release Date : January 07, 1933
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 46 KB
Description
The receiver of Texas National Bank of Fort Worth recovered against Miller a judgment based on the stockholders liability on stock in the bank standing at the time the bank closed and for five years before in the name of a minor niece of Miller. The facts found by the court sitting as jury are that the bank president, Samuels, sought to sell some of his stock to Miller, who said "he did not want any bank stock but that he had some minor nephews and nieces he would like to give some stock to." Miller paid for 16 shares and directed that it be issued in the names of the four minor donees, but Samuels lost the names and caused a single certificate to be issued in the name of Miller without his knowledge or consent. Two months later Miller learned of it and immediately ordered it transferred to the minors, and to accomplish this he indorsed the certificate. The bank was solvent and the transactions bona fide. All dividends went to the minors.
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