Stern v. Stern

The question is whether the following corporate by-law prevents a stockholder from disposing of his stock by will : “The stock of this company shall be deemed personal property and shall only be transferred in the following manner, and not otherwise, that is to say, it shall first be offered to the corporation, and in the event the corporation shall not within five days from the date of said offer agree to purchase the same, then it shall be offered to the stockholders of the corporation) and if none of said stockholders agree to purchase the same within five days from the date of said offer,…