Legal Opinion

Farmers' Mercantile & Supply Co. v. Laun

Wisconsin Supreme Court

Decided May 2, 1911PublishedCited by 27 opinions

Appeal from an order of the circuit court for Sheboygan county: Michael Kirwan, Circuit Judge. ..The appeal is from an order directing the transfer on the books of the corporation of certain shares of its capital stock pursuant to sec. 1752, Stats. (1898). cited, among other authorities, 1 Cook, Stock (3d ed.) § 408; 2 Cook, Corp. (4th ed.) § 621 a; 26 Am. & Eng. Ency. of Law (2d ed.) 855 ; Boswell v. Buhl, 213 Pa. St. 450; Boggs v. Boggs & Buhl, 217 Pa.

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Appeal from an order of the circuit court for Sheboygan county: Michael Kirwan, Circuit Judge. ..The appeal is from an order directing the transfer on the books of the corporation of certain shares of its capital stock pursuant to sec. 1752, Stats. (1898). cited, among other authorities, 1 Cook, Stock (3d ed.) § 408; 2 Cook, Corp. (4th ed.) § 621 a; 26 Am. & Eng. Ency. of Law (2d ed.) 855 ; Boswell v. Buhl, 213 Pa. St. 450; Boggs v. Boggs & Buhl, 217 Pa. St. 10, 66 Atl. 105; Vansands v. Middlesex Go. Bank, 26 Conn. 144; New England T. Go. v. Abbott, 162 Mass. 148, 27 L. R. A. 271, and note;…

1Opinion of the CourtTimliN, J.

The contract of subscription for shares, the articles of incorporation, the by-laws, and the stock certificates on their face, contained a provision substantially to the effect that shares were not transferable except in pursuance of a vote of two thirds of all the outstanding shares, and this majority of shareholders might either consent to the transfer or' themselves take up the shares sought to be transferred by paying for the same at par. If they did neither the holder was at liberty to sell and transfer his shares as usual. The respondent sought to compel a transfer of shares in…

2Cases cited5 opinions

  1. New England Trust Co. v. AbbottMassachusetts Supreme Judicial Court · 1894
  2. Martens v. ReillyWisconsin Supreme Court · 1901
  3. In re KlausWisconsin Supreme Court · 1886
  4. Canterbury v. Northwestern Mutual Life InsuranceWisconsin Supreme Court · 1905
  5. Edgerton Tobacco Manufacturing Co. v. CroftWisconsin Supreme Court · 1887

3Cited by27 opinions

  1. Longyear v. HardmanMassachusetts Supreme Judicial Court · 1914
  2. Baumohl v. GoldsteinNew Jersey Court of Chancery · 1924
  3. Casper v. Kalt-Zimmers Manufacturing Co.Wisconsin Supreme Court · 1915
  4. Doss v. YinglingIndiana Court of Appeals · 1930
  5. McDonald v. Farley & Loetscher Manufacturing Co.Supreme Court of Iowa · 1939

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