Case Name: Wallace Burch v. The Cincinnati Trust Company and The Cincinnati Gas & Electric Company
Court: Hamilton County Circuit Court
Jurisdiction: Ohio
Decision Date: 1911-11-11
Citations: 14 Ohio C.C. (n.s.) 346
Docket Number: 
Parties: Wallace Burch v. The Cincinnati Trust Company and The Cincinnati Gas & Electric Company.
Judges: Jones, J.; Smith, P. J., and Swing, J., concur.
Reporter: Ohio Circuit Court Reports (new series)
Volume: 14
Pages: 346–347

Head Matter:
SALE OF CORPORATE STOCK BY AN ADMINISTRATOR..
Circuit Court of Hamilton County.
Wallace Burch v. The Cincinnati Trust Company and The Cincinnati Gas & Electric Company.
Decided, November 11, 1911.
Estate of Decedents — Private Sale of Stock Certificates — Failure to Conform in All Respects with the Statute — Section 10704.
Omission by tbe probate court to fix the lowest price at which corporate stock belonging to the. estate of a decedent may be sold at private sale, does not invalidate a sale made in all other respects in conformity with the statute, without collusion or fraud and at the market price.
Robert B. Burch, for plaintiff in error.
Louis A. Ireton, contra.
Jones, J.; Smith, P. J., and Swing, J., concur.
Affirming Burch v. Cincinnati Trust Co., 12 N.P.(N.S.), —.

Opinion:
The order of the probate- court, in that it does not fix a sum below which the shares of stock could not be sold at private sale, is defective and not in compliance with Section .10704, General Code.
Such défect however, does not impair the title to the stock in the plaintiff where it appears that the proceedings in all other respects conformed to the statutes and that the sale was made in good faith, at the market value, and in the absence of -.fraud or collusion.
The petition states a cause of action and the demurrer must be overruled. Sutherland v. Brush, 11 Am. Dec., 282 (notes); Edney v. Baum, 97 N. W. Rep., 252 255; Rockel's Probate Practice, Vol. 1, p. 420; Jelke v. Goldsmith, Administrator, 52 O. S., 499.