Faulkner v. Bank of Topeka

Citations

• 77 Kan. 385
• 94 P. 153
• 1908 Kan. LEXIS 274

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>Banks and Banking — Transfer of Stock on Books — Lien—Indebtedness of Registered Holder. Section 52 of chapter 47 of the Laws of 1897 (Gen. Stat. 1901, § 458) forbids a transfer of shares of bank stock on the books of the bank without the consent of the board of directors when the registered holder is indebted to the bank upon obligations matured and unpaid; and a transfer under such circumstances may be refused by the bank notwithstanding the fact that the party demanding the transfer acquired the shares from the registered holder at a time when the registered holder was not indebted to the bank.</p>