New York Court of Appeals

Lowell Holbrook, Respondent v. New Jersey Zinc Company, Appellant

September 5, 187457 N.Y. 616

Summary

The Court affirmed the lower court, holding that a purchaser of corporate stock in good faith for value may rely on the stock certificate and is protected by estoppel; the doctrine of lis pendens does not apply to corporate stock, and pending suits in other states or in New York do not constitute constructive notice that defeats the purchaser's title.