Bruns v. Rennebohm Drug Stores, Inc.

Restrictions on a stockholder's right to dispose of shares are generally strictly construed. See Rench v. Leihser, 487 N.E.2d 1201, 1203 (Ill. App. 1986); Louisiana Weekly Publishing Co. v. First Nat'l Bank of Commerce, 483 So. 2d 929, 932-33 (La. 1986); Durkee v. Durkee-Mower, Inc., 428 N.E.2d 139, 141 (Mass. 1981); Castonguay v. Castonguay, 306 N.W.2d 143, 145 (Minn. 1981); Rockowitz v. Roab, 132 A.D.2d 916, 918, 518 N.Y.S.2d 251, 253 (N.Y. App. 1987); Avrett & Ledbetter Roofing & Heating Co. v. Phillips, 354 S.E.2d 321, 323 (N.C. Appp. 1987); and Renberg v. Zarrow, 667 P.2d 465, 469-70…