Williams v. National Pump Corp.

In brief, the questions presented for determination are First, Are the provisions of the Code of Ohio relating to amendments by a corporation a part of the stockholder’s contract? Second, I£ so, are such statutory provisions in reference to amendments constitutional and do they furnish an exclusive remedy for stockholders who are dissatisfied with the action of the other stockholders in making such amendments?

In brief, the plaintiff insists that the relations between a corporation and its stockholders are founded in contract and that a stock certificate issued by the corporation is the…