Kneeland v. Lawrence - 140 U.S. 209 (1891)
U.S. Supreme Court
Kneeland v. Lawrence, 140 U.S. 209 (1891)
Kneeland v. Lawrence
Argued April 2l, 1891
Decided May 11, 1891
140 U.S. 209
APPEAL FROM THE CIRCUIT COURT OF THE UNITED
STATES FOR THE DISTRICT OF INDIANA
A bona fide purchaser, before maturity, of coupon bonds of a railroad company payable to bearer takes them freed from any equities that might have been set up against the original holder, and the burden of proof is on him who assails the bona fides of such purchase.
Tested by this rule, appellant's case must fail.