Case Name: Wallace Burch v. Cincinnati Trust Co. and Cincinnati Gas & Electric Co.
Court: Hamilton Circuit Court
Jurisdiction: Ohio
Decision Date: 1911-11-11
Citations: 23 Ohio C.C. Dec. 358
Docket Number: 
Parties: Wallace Burch v. Cincinnati Trust Co. and Cincinnati Gas & Electric Co.
Judges: Smith, Swing and Jones, JJ.
Reporter: Ohio Circuit Court Decisions
Volume: 23
Pages: 358–358

Head Matter:
EXECUTORS AND ADMINISTRATORS — SALES.
[Hamilton (1st) Circuit Court,
November 11, 1911.]
Smith, Swing and Jones, JJ.
Wallace Burch v. Cincinnati Trust Co. and Cincinnati Gas & Electric Co.
Failure to Conform in All Respects with Statute In Sale of Corporate Stock by Administrator in Absence of Fraud does not Invalidate Sale.
Omission by tbe probate court to fix tbe lowest price at wbicb 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 Gen. Code 10704, without collusion or fraud and at the market price.
[Syllabus approved by the court.]
Error to common pleas court.
Robert B. Burch, for plaintiff in error.
Louis A. Ireion, for defendant in error.
Affirming, Burch v. Trust Co. 22 Dec. 6.

Opinion:
JONES, J.
The order of the probate court, in that it does not fix a sum heloi*i..c*Aiicli the shares of stock could not be sold at private sale, is defective and not in compliance with Gen. Code 10704.
Such defect, 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, 7 Johns. Ch. (N. Y.) 17 [11 Am. Dec. 282]; Edney v. Baum, 70 Neb. 159 [97 N. W. Rep. 252]; 1 Rockel, Prob. Prac. p. 420; Jelke v. Goldsmith, 50 Ohio St. 499 [40 N. E. Rep. 167; 49 Am. St. Rep. 730].
Smith and Swing, JJ., concur.