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Home / Opinion Digests / Equitable title holder gets stock proceeds (access required)

Equitable title holder gets stock proceeds (access required)

Where an acquisition company purchased a construction company’s assets, the purchase included equitable title to stock that the construction company owned but for which no certificates were issued. Overview This is an interpleader action concerning the proceeds of stock certificates transferred to the Virginia Department of Treasury’s Unclaimed Property Division. M.C. Construction had a membership interest in Trigon ...