Hale v. West Porto Rico Sugar Co.
Appellate Division of the Supreme Court of the State of New York
Appeal by the defendants, West Porto Rico Sugar Company and another, from a judgment of the Supreme Court in favor of the plaintiff, entered in the office of the clerk of the county of New York on or about the 27th day of April, 1921, upon the decision of the court, rendered after a trial at the New York Special Term, adjudging that the plaintiff is the owner of 700 shares of the preferred stock in the defendant, the West Porto Rico Sugar Company, a Delaware corporation,…
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Appeal by the defendants, West Porto Rico Sugar Company and another, from a judgment of the Supreme Court in favor of the plaintiff, entered in the office of the clerk of the county of New York on or about the 27th day of April, 1921, upon the decision of the court, rendered after a trial at the New York Special Term, adjudging that the plaintiff is the owner of 700 shares of the preferred stock in the defendant, the West Porto Rico Sugar Company, a Delaware corporation, which for brevity will be referred to as the Sugar Company, and entitled to have the same transferred to his name on the…
1Opinion of the Court
Laughlin, J.:
On the trial appellants contended that the law of Massachusetts governed, on the theory that the note was made and negotiated by the brokers there and that they there delivered the certificates as collateral for the payment of the note; and the plaintiff claimed that the law of New York; where the stock was issued to the brokers, governed. Appellants now claim that the law of Delaware governs. They pleaded that the Sugar Company, pursuant to its authority under the law of its incorporation, adopted a by-law to the effect, as stated on the certificates, that they were transferable…
2Cases cited17 opinions
- McNeil v. . the Tenth National BankNew York Court of Appeals · 1871
- Commercial Bank v. KortrightCourt for the Trial of Impeachments and Correction of Errors · 1839
- N.Y. N.H.R.R. Co. v. . SchuylerNew York Court of Appeals · 1865
- Travis v. . Knox Terpezone Co.New York Court of Appeals · 1915
- McHenry v. . JewettNew York Court of Appeals · 1882
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3Cited by1 opinion
- Manufacturers Trust Co. v. Bank of YorktownCity of New York Municipal Court · 1935