Honolulu Lodge No. 1 Modern Order of Phoenix v. Trent Trust Co.

Citations

• 25 Haw. 159

Syllabus

<p>Corporations — bonds.</p> <p>A corporate bond payable to bearer and secured by a mortgage trust deed is a negotiable instrument.</p> <p>Negotiable Instruments.</p> <p>A corporate bond payable to bearer and secured by ?. mortgage trust deed is a negotiable instrument.</p> <p>Same — theft—rights of true owner.</p> <p>A bona fide holder for value of a lost or stolen negotiable bond taken in the usual course of business acquires a good title thereto even as against him from whom it was stolen.</p>