A Treatise On the Law of Stock-Brokers And Stock-Exchanges

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Central Trust Co. 6 Ab. to tbeui by tbeir principals. Sub- New Cas. 381 ; Gonld vs. Farmers' stantially tbe same as tbo New York Loan & Trust Co. 23 Hun, 322. Factors' Act is tbe Euglisb statute " 46 N. Y. 325. 6 Geo, IV. c. 94, extended soraewbat ' Laws of 1830, cb. 179, § 3, as by 5 and 6 Vict. c. 39. See Hatfield enlarged by Laws of 1858, cb. 326, vs. Pbillips, 14 Mee. & W. 665, in § 6. construction of said statute.
♦ See Cartwright vs. Wilmerding, ' Carrington vs. Ward, 71 N. Y. 360.
24 N.
...Y. 521, and tbe cases tbere cited, But tbe court beld tbat tbe pledgees Tvbicb sbow bow tbe act operates to had no rigbt to dispose of tbe pledg- proteot pledgees and otbers who deal or's oil and substitute otber oil iu its withfactorson thefaitb of tbedocu- place. ° Id.
672 Stockrbrohers and Stock Mcohanges.
In coiiclnding this chapter we have again to remark that in all questions in which, stock certificates hare been involved, the tendency of the courts is to protect the 'bona fide holder orlpurchaser ; and from the mass of decisions upon this branch of the law,' there now exists, an exception to the general rule that an assignee of a chose.


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