Carey v. Loft, Inc.

Appellate Division of the Supreme Court of New York

Carey v. Loft, Inc.

229 A.D. 785

CourtAppellate Division of the Supreme Court of the State of New York

DecidedMay 15, 1930

StatusPublished

This text of 229 A.D. 785 (Carey v. Loft, Inc.) is published on Counsel Stack Legal Research, covering Appellate Division of the Supreme Court of the State of New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Carey v. Loft, Inc., 229 A.D. 785 (N.Y. Ct. App. 1930).

Pincite

Opinion

Order denying plaintiff’s motion to require the defendants to transfer certain stock upon the books of the corporation reversed upon the law and the facts, with ten dollars costs and disbursements, and motion granted, with ten dollars costs. The plaintiff, as pledgor, was entitled to have the “ Street Certificates ” transferred upon the books of the company. Doing so could not jeopardize any rights of the pledgee, which had a power of attorney, to indorse immediately, upon such transfer, the new certificate in blank on behalf of the plaintiff and thereby fully preserve its rights in the stock, as collateral for the loan it made to the plaintiff. Lazansky, P. J., Young, Kapper, Carswell and Scudder, JJ., concur.

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Order denying plaintiff’s motion to require the defendants to transfer certain stock upon the books of the corporation reversed upon the law and the facts, with ten dollars costs and disbursements, and motion granted, with ten dollars costs. The plaintiff, as pledgor, was entitled to have the “ Street Certificates ” transferred upon the books of the company. Doing so could not jeopardize any rights of the pledgee, which had a power of attorney, to indorse immediately, upon such transfer, the new certificate in blank on behalf of the plaintiff and thereby fully preserve its rights in the stock, as collateral for the loan it made to the plaintiff. Lazansky, P. J., Young, Kapper, Carswell and Scudder, JJ., concur.

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Bluebook (online)

229 A.D. 785, Counsel Stack Legal Research, https://law.counselstack.com/opinion/carey-v-loft-inc-nyappdiv-1930.