Schenck v. Salt Dome Oil Corp.

Harrington, Chancellor:

The demurrer raises two questions:(1) Whether the persons, who are not the record owners of corporate stock, but who are the real owners of the certificates, are “stockholders” within the meaning of Section 61 of the General Corporation Law, Rev. Code 1935, § 2093; and (2) whether, in any event, the complainants have complied with that section of the statute.

Section 61 provides:

“If any stockholder in any corporation of this State consolidating or merging as aforesaid, who objected thereto in writing, shall within twenty days after the date on which the agreement of…