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PRUDENTIAL PETROLEUM CORP. v. RAUSCHER, PIERCE CO.

No. 14933.

281 S.W.2d 457 (1955)

PRUDENTIAL PETROLEUM CORPORATION, Appellant, v. RAUSCHER, PIERCE & CO., Inc., Appellee.

Court of Civil Appeals of Texas, Dallas.

Rehearing Denied July 1, 1955.

Attorney(s) appearing for the Case

John B. Stigall, Jr., and John F. Maxfield, Dallas, for appellant.

Carrington, Gowan, Johnson, Walker & Bromberg and Dan McElroy, Dallas, for appellee.

YOUNG, Justice.

This suit was instituted by appellee against appellant Corporation for an alleged conversion of corporate stock; charging that the latter had unlawfully refused to transfer on its books a certificate for 1,000 shares of Company stock, which number of shares had been sold by plaintiff as agent for Paul E. Bell to Stanley Pelz & Co., Inc., New York City. An interlocutory judgment by default was rendered against Bell, also named a defendant; and upon...

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