Ford v. Snook
| Citation | 148 N.E. 732,240 N.Y. 624 |
| Parties | Thomas P. FORD et al., Doing Business under the Firm Name of Ford & Enos, Appellants, v. Clinton SNOOK, Respondent. |
| Decision Date | 05 May 1925 |
| Court | New York Court of Appeals |
OPINION TEXT STARTS HERE
Appeal from an order of the Appellate Division of the Supreme Court in the Fourth Judicial Department (205 App. Div. 194, 199 N. Y. S. 630), entered May 22, 1923, reversing a judgment in favor of plaintiffs entered upon a verdict directed by the court and granting a new trial. The action was to recover the amount of a dividend on stocks sold by plaintiffs for defendant's account. Defendant delivered the stock to plaintiffs for sale March 18, and it was sold on that day. Prior thereto a dividend had been declared on the stock payable on the 1st day of April to holders of stock shown by the books at the close of business on March 20. The stock was not transferred on the books until after that date and defendant received the dividend. The Appellate Division held that it was his property and that plaintiffs could not recover.Oliver D. Burden, of Syracuse, for appellants.
D. Charles O'Brien, of Syracuse, for respondent.
Order affirmed, and judgment absolute ordered against appellants on the stipulation, with costs in all courts.
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