Legal Opinion
Rychwalski v. Baranowski
Wisconsin Supreme Court
Decided June 12, 1931PublishedCited by 10 opinions
1Opinion of the Court
The following opinion was filed April 7, 1931 :
Wickhem, J.
It is well established in this state that a corporate by-law which prohibits the alienation of shares of stock, or which amounts to an unreasonable restraint upon their transfer, is void. In re Klaus, 67 Wis. 401, 29 N. W. 582; Farmers M. & S. Co. v. Laun, 146 Wis. 252, 131 N. W. 366. In the casé last cited it is recognized, however, that there is a distinction between charter provisions or by-laws absolutely or unreasonably restrictive of transfer and those placing reasonable conditions upon the transfer of stock. The court said:
“The…
2Cases cited5 opinions
- Luther v. C. J. Luther Co.Wisconsin Supreme Court · 1903
- Farmers' Mercantile & Supply Co. v. LaunWisconsin Supreme Court · 1911
- In re KlausWisconsin Supreme Court · 1886
- Dunn v. Acme Auto & Garage Co.Wisconsin Supreme Court · 1918
- Hammer v. CashWisconsin Supreme Court · 1920
3Cited by10 opinions
- Robert E. Pincus v. Pabst Brewing Company, a Delaware CorporationCourt of Appeals for the Seventh Circuit · 1990
- Dennis Frandsen v. Jensen-Sundquist Agency, Inc. And First Wisconsin CorporationCourt of Appeals for the First Circuit · 1986
- Talbott v. NibertSupreme Court of Kansas · 1949
- Mason v. Mallard Telephone Co.Supreme Court of Iowa · 1932
- Guaranty Laundry Co. v. PulliamSupreme Court of Oklahoma · 1947
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