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eBook details

• Title: Mastellone v. Argo Oil Corp.
• Author : Supreme Court of Delaware
• Release Date : January 05, 1951
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 61 KB

Description

TUNNELL, Justice. On the 11th day of August, 1925, Argo Oil Company, a corporation of the State of Delaware, issued to A. A. Hall & Company
certificate No. T02759 for ninety shares of its capital stock. On the 3rd day of January, 1927, A. A. Hall & Company
assigned the said certificate in blank, the signature being duly guaranteed. What happened to the certificate after January
3rd, 1927, and prior to May 3rd, 1929, is not completely reported in the record. On the 3rd day of May, 1929, the said certificate
was sold by a New York broker, whose identity is not here material, to the plaintiff-below, appellant, hereinafter referred
to as the 'plaintiff'. From May 3rd, 1929, until April 22nd, 1948, the plaintiff made no application to have the shares transferred
to his own name, leaving them registered on the books of the company all the while, so far as he knew, in the name of A. A.
Hall & Company. Although dividends were paid on these shares at least once each year from 1934 to 1948, inclusive, the
plaintiff never received any such dividend. The defendant, in fact, never knew the plaintiff as a stockholder or a person
claiming ownership of stock until it received a letter from plaintiff, dated April 22nd, 1948, asking for transfer of the
shares to plaintiff's name.

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