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UNITED STATES v. LUCAS

Civ. No. 960-G.

148 F.Supp. 768 (1957)

UNITED STATES of America, Plaintiff, v. W. Clyde LUCAS et al., Defendants.

United States District Court M. D. North Carolina.

February 20, 1957.

Attorney(s) appearing for the Case

Edwin M. Stanley, U. S. Atty., Greensboro, N. C., for plaintiff.

Richard S. Clark, Asheboro, N. C., for defendant Lineberry.

Horace Haworth, High Point, N. C., for receiver.

G. E. Miller, Asheboro, N. C., for defendant W. C. Lucas.

HAYES, District Judge.

Certificate of stock pledged, though not transferred on corporation's books, gives pledgee prior right over an attaching creditor. Bleakley v. Candler, 169 N.C. 16, 84 S.E. 1039.

The reasoning in the above case is predicated squarely on the fact that the one in actual possession of the certificate of stock duly assigned by the registered owner has a right superior to those of an attaching...

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