Robison v. Cleveland City Ry.

Citations

• 35 Ohio C.C. Dec. 4
• 24 Ohio C.C. (n.s.) 569
• 1904 Ohio Misc. LEXIS 349

Syllabus

<p>CORPORATIONS</p> <p>Liability of Company for Defalcation of Its Transfer Agent.</p> <p>When a corporation has made it possible for its transfer agent to mix and confuse stock which he held as trustee for various parties with treasury stock of the company, and a large part of the stock entrusted to the transfer agent is lost through his defalcation, the company is liable to those for whom the transfer agent acted as trustee for such of the stock entrusted to the transfer agent as was returned to the treasury of the company.</p>