Oregon Supreme Court April 30, 1909 (Thomas v. Gilbert)

lead-opinion

Mr. Justice Bean

delivered the opinion of the court.

1. The petitioners claim that the purchase of the stock by Mr. Bush, at the sale made by the Moscow Bank, was void as to the receiver and the creditors of Gilbert, because Ladd & Bush, of which firm he was a member, was, at the time, pledgee of such stock, and therefore neither the firm nor any of its members could purchase the