Ripin v. United States Woven Label Co.

If the provision in the certificate of incorporation of the United States Woven Label Company, that the number of its directors therein fixed at four “ shall not be changed except by the unanimous consent of all the stockholders of said corporation,” is a valid and thei’efore binding one upon the stockholders, it is unnecessary to consider the other points argued by counsel.

In my opinion the above quoted provision is a limitation upon the power's of the stockholders authorized by section 10 of the General Corporation Law, which reads as follows: “ The certificate of incorporation of any…