Hopwood v. Topsham Telephone Co.

In October 1954, the plaintiff acquired two shares of stock in the defendant telephone company. By his suit in equity, he seeks to compel the defendant company and its officers to transfer title to him to the two shares and to issue a new certificate of stock in his name. It is the defendants’ contention that the plaintiff is not entitled to the relief he seeks by reason of a restriction in the defendant corporation’s by-laws. This restriction came about as a result of the action taken by the stockholders at a special meeting held August 31, 1954. At that time the by-laws were amended so as…