Case Name: Provident Sav. Bank & Tr. Co. v. W. L. Voight
Court: Ohio Circuit Court
Jurisdiction: Ohio
Decision Date: 1910-07-16
Citations: 22 Ohio C.C. Dec. 659
Docket Number: 
Parties: Provident Sav. Bank & Tr. Co. v. W. L. Voight.
Judges: Gíffen, Smith and Swing, JJ
Reporter: Ohio Circuit Court Decisions
Volume: 22
Pages: 659–660

Head Matter:
CORPORATIONS.
[Hamilton (1st) Circuit Court,
July 16, 1910.]
Gíffen, Smith and Swing, JJ
Provident Sav. Bank & Tr. Co. v. W. L. Voight.
Reissue of Lost Certificate of Stock Refused Since Equitable Title is in Another Than Claimant of Naked Legal Title.
While the fact that a lost certificate of stock, standing in the name of the plaintiff ■ seeking a reissue thereof, would in the absence of other evidence be conclusive as to his title, an order of court for such a reissue will be reversed as against the weight of the evidence, where it appears that the evidence upon which the order was based showed that while the naked legal title was in the plaintiff the equitable title was in a corporation, of which he was a member.
Error to common pleas court.
Harmon, Colston, Goldsmith & Hoadly, for plaintiff in error.
Scott Bonham, for defendant in error.

Opinion:
GIFFEN, P. J.
The original action was brought by W. L. Voight under-favor of B. S. 3254-1 (Gen. Code 8677), et seq., to compel the Provident Savings Bank & Trust Company to reissue to the plaintiff a certificate for 350 shares of the stock of that company, the original having been lost.
The only evidence that plaintiff was the owner of the certificate was that it was originally issued in his name, which in. the absence of other evidence would be conclusive of his title r, but it was also shown that the stock was paid for out of the funds of the Lewis Voight & Sons Company, a corporation; that the transaction was, under the direction of the plaintiff, entered in the books of the company as a purchase of stock by the company; that at a stockholders' meeting, as síiown by the minutes, the stock was treated as that of the company; and by admissions: of the plaintiff made to counsel for the receivers of the company, the title of the company is reaffirmed. It follows therefore that.. while he had the naked legal title to the certificate and the stock of which it was evidence, the real ownership was in the company.
The judgment is not sustained by the evidence and will be reversed, the cause being remanded for a new trial.
Smith and Swing, JJ., concur.