Arnold v. Johnson

Citations

• 66 Cal. 402
• 5 P. 796
• 1885 Cal. LEXIS 457

Syllabus

<p>Pledge—Delivery of Endorsed Stock Certificates—Apparent Ownership.—The owner of stock who voluntarily delivers the endorsed certificates to a third person, allows him to assume the apparent ownership of the stock, and cannot recover the same from a bona fide pledgee of the apparent owner, without payment of the debt for which the pledge was made.</p>