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FED. INS. CO. v. WALKER

73 A.D.2d 870 (1980)

Federal Insurance Company, Respondent, v. Alexander D. Walker, Jr., Individually and as Administrator of The Estate of Helen E. Walker, Deceased, Defendant-Appellant and Third-Party Plaintiff-Appellant. Union Camp Corporation et al., Third-Party Defendants-Respondents

Appellate Division of the Supreme Court of the State of New York, First Department.

January 17, 1980

In February, 1970, decedent, Mrs. Walker, bought 1,140 shares of Union Camp Corporation common stock. In March, 1970, she indorsed, negotiated and transferred the certificates representing these shares. Because the transaction was not duly recorded by the corporation or its transfer agent, she continued to receive dividends thereafter. Decedent's son, Alexander Walker, Jr., ultimately administrator of his late mother's estate, was...

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