CENTRAL LIFE INS. CO. v. AFRO-AMERICAN LIFE INS. CO.


74 So.2d 363 (1954)

CENTRAL LIFE INS. CO. OF FLORIDA et al. v. AFRO-AMERICAN LIFE INS. Co. et al.

Supreme Court of Florida. Special Division B.

Rehearing Denied September 23, 1954.


Attorney(s) appearing for the Case

John W. Bull, William C. Pierce, Tampa, and Bedell & Bedell, Jacksonville, for appellants.

Jennings, Watts, Clarke & Hamilton, Jacksonville, for appellees.


DREW, Justice.

Afro-American Life Insurance Company, a Florida corporation (hereinafter called Afro), purchased 856-1/6 shares of stock of Central Life Insurance Company of Florida (hereinafter called Central) from individual owners of said stock. When these certificates were presented to Central, that corporation refused to recognize the validity of the sales, refused to note the transfer of ownership of the stock certificates...

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