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MAZER v. WILLIAMS BROTHERS COMPANY

461 Pa. 587 (1975)

337 A.2d 559

Lawrence MAZER, to the use of Julia Gunning, Appellant, v. WILLIAMS BROTHERS COMPANY, successor to Edgecomb Steel Corporation, and Central Penn National Bank.

Supreme Court of Pennsylvania.

Decided April 25, 1975.

Rehearing Denied May 30, 1975.

Attorney(s) appearing for the Case

Warren L. Soffian, Bogutz & Mazer, P.C., Philadelphia, for appellant.

Alan Greenberg, Rawle & Henderson, Philadelphia, for appellee, Williams Brothers Co.; J. Grant McCabe, III, Philadelphia, of counsel.

Before JONES, C.J., and EAGEN, O'BRIEN, ROBERTS, POMEROY, NIX and MANDERINO, JJ.

OPINION OF THE COURT

ROBERTS, Justice.

This case presents the question whether an acquirer of a lost security is entitled to compel the corporate issuer to register a transfer of the security on its books. We hold that, in the circumstances of this case, she is not.

On December 4, 1967, appellant1 entered a judgment against Robert Gunning. A writ of execution issued, and in May, 1968, the sheriff levied on personal property...

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