Lake Superior Corp. v. Rebre

Citations

• 65 Pa. Super. 379
• 1917 Pa. Super. LEXIS 4

Syllabus

<p>Corporations — Transfer of stock — Forgery of name of registered owner — Guarantee of signature — Rules of stock exchange.</p> <p>A corporation may maintain an action against a person who presents a forged power of attorney to transfer stock on the faith of which the corporation issues a new certificate of stock, although such person acted in good faith; and it is immaterial that the person who forged the name of the registered owner, guaranteed, as a member of the stock exchange and in accordance with its rules, the genuineness of the signature.</p>