Grossman v. Glass

4 Citing cases

  1. Prodigy Centers/Atlanta No. 1 L.P. v. T-C Associates, Ltd.

    127 F.3d 1021 (11th Cir. 1997)   Cited 4 times   1 Legal Analyses

    Second, both the government and TCA cite a number of cases in which Georgia courts have assumed, without deciding, that corporate stocks are choses in action. See, e.g., Grossman v. Glass, 239 Ga. 319, 236 S.E.2d 657, 658 (1977); Atlas Supply Co. v. United States Fidelity Guar. Co., 126 Ga. App. 483, 191 S.E.2d 103, 104 (1972). Though these cases are not dispositive, it is unclear from TCA's analysis why a Georgia court that found stocks to be choses in action would not reach a similar conclusion concerning partnership interests.

  2. Wheeless v. Gelzer

    780 F. Supp. 1373 (N.D. Ga. 1991)   Cited 7 times

    41. Both the Crawford Co. stock and the MIT securities are securities within the meaning of Article 8 of the Uniform Commercial Code. Grossman v. Glass, 239 Ga. 319, 321, 236 S.E.2d 657 (1977). Accordingly, their transfer is governed by O.C.G.A. § 11-8-101, et seq.

  3. Cooper v. Caribou Invs. LLC (In re Wisner)

    CASE NO. 16-59003-BEM (Bankr. N.D. Ga. Oct. 1, 2018)   Cited 2 times

    The Court's research indicates corporate stock, by statute, can be seized and sold under execution. See O.C.G.A. §§ 11-8-112, 9-13-58; see also generally Grossman v. Glass, 239 Ga. 319, 236 S.E.2d 657 (1977). The pleadings before the Court describe the nature of the Newton County action (a suit to levy shares) but provide insufficient information for the Court to rule, as a matter of law, that the Newton County action was the proper statutory proceeding to fix a judgment lien on corporate stock.

  4. In re Taylor

    228 B.R. 491 (Bankr. M.D. Ga. 1998)   Cited 17 times

    11 U.S.C. § 548(d)(1). A corporate common stock certificate is a security governed by Article 8 of the Uniform Commercial Code. Wheeless v. Gelzer, 780 F. Supp. 1373, 1379-80 (N.D.Ga. 1991) (citing Grossman v. Glass, 239 Ga. 319, 321, 236 S.E.2d 657, 659 (1977)) ("[T]he word security referred to in [O.C.G.A. § 11-8-317] includes and embraces common stock in corporations. . . ."). Article 8 of the Uniform Commercial Code is codified in the Official Code of Georgia Annotated at sections 11-8-101, et seq. "Under Georgia law, legal interest in a security is transferred upon the proper indorsement and delivery of the security."