Emile M. Babst Co. v. Commercial Enterprises, Inc.

BARHAM, J., is of the opinion the writ should be granted. Relator, as pledgee of stock seeks only to mandamus the corporation to record him on the books of the corporation as pledgee of these stocks. He does not claim ownership or rights of ownership. The cases cited by the Court of Appeal are inapposite since they speak of absolute ownership by conversion by the pledgee of the stock by requiring new stock without ordinary legal process.