Excerpt from A Digest of the American Corporation Cases: Presenting the American Judications Embraced in the Decisions of the Supreme Court of the United States, and in the Courts of Last Resort in the Several States and Territories Since January 1, 1868, of Questions Peculiar to the Law of Corporations
Recoupment OF debt owing. In an action of trover, for the wrongful conversion of shares of' stock, which have been pledged, as security for the repayment of money borrowed, pledges may recoup the debt of defendant to him. Id.
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