West v. West

DICKINSON, Presiding Justice,

for the Court:

¶ 1. A judgment creditor served writs of execution on two corporations whose restricted stock was owned by the judgment debtor, who then sold his stock back to the corporations. The chancellor dismissed the writs, holding that the sale of stock rendered them moot.

*738¶ 2. We hold today that statutory restrictions1 on the transfer of restricted shares of corporate stock apply to both voluntary and involuntary transfers of the shares; that — after a judgment creditor serves a corporation with a writ of execution regarding one of its shareholders—…