Kneeland v. Lawrence - 140 U.S. 209 (1891)

U.S. Supreme Court

Kneeland v. Lawrence, 140 U.S. 209 (1891)

Kneeland v. Lawrence

No. 333

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

Syllabus

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.