In the Matter of the Estate of Elizabeth Szabo, Wolfgang S. Szabo, Appellant Honey Wiesel, as of Elizabeth Szabo

Summary

The New York Court of Appeals affirmed the lower courts, holding that the decedent did not effect a valid inter vivos gift of the American Telephone & Telegraph Company stock because delivery required a transfer of record on the corporation’s books, which never occurred before her death. Consequently, the petitioner was not a surviving joint tenant and the petition was denied.