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KAMAS SECURITIES CO. v. TAYLOR

No. 7398.

119 Utah 241 (1950)

226 P.2d 111

KAMAS SECURITIES CO. v. TAYLOR.

Supreme Court of Utah.

Decided December 30, 1950.

Attorney(s) appearing for the Case

McKay, Burton, Nielsen & Richards, Salt Lake City, for appellant.

L.C. Montgomery, Heber City, Wm. D. Callister, Salt Lake City, for respondent.

McDONOUGH, Justice.

Plaintiff corporation sued defendant Moses C. Taylor, its secretary for wrongful surrender to a defaulting debtor of 30 shares of bank stock allegedly pledged as security for payment of promissory notes executed by Elliott C. Taylor, brother of defendant. After defendant testified on deposition that he had never received the stock as a pledge, but only in connection with an offer of settlement, the pleadings...

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