Mason v. Mallard Telephone Co.

In June, 1929, the plaintiff-appellants filed an action in equity in the District Court of Palo Alto County, Iowa, asking for a writ of mandamus to require the defendant telephone company to transfer, on its books, certain shares of stock. The defendants answered, alleging, among other things, that the plaintiffs had not complied with Article V of the Articles of Incorporation, requiring new stockholders to be approved by two directors. The court found for the defendants, and the plaintiffs appeal.

It appears from the record in this case that the defendant corporation was a local concern…