Carll v. Little Miami Ry.

Citations

• 22 Ohio C.C. Dec. 667

Syllabus

<p>CORPORATION S — DEEDS—POWERS.</p> <p>1. Power of Attorney to Transfer Stock not Exercised during Life of Person Named Ceases at Death. '</p> <p>A power of attorney from a husband to his wife, endorsed on a certificate of stock and dated as of the time of issuance to him, constitutes a general power to transfer the stock on the company’s books which, not being exercised by her during her lifetime, ceases at her death; hence, merely signing the stock over to her son, without causing the transfer to be made on the books, conveys no'title to him.</p> <p>2. Deed Covering Real Estate . and Belongings Thereto does not Include Certificates of Stock.</p> <p>A deed conveying certain real estate upon which was situated a health college, and also covering belongings of the college in the form of personal property specifically described, does not include a certificate of stock in possession of the grantor at his home in another state, where the negotiations for the transfer of the property were had and the deed was executed.</p>