Koeppler v. Crocker Chair Co.

The following opinions were filed December 3, 1929:

Fowler, J.

It is contended by the defendant that under the articles of incorporation as amended in 1924 after plaintiff’s certificates were issued to him, the preferred stock of the corporation became payable only at call of the defendant and that by such amendment the plaintiff was deprived of whatever right he would otherwise have to recover on his certificate. It seems plain, however, that the defendant could not affect plaintiff’s right by any action it or its stockholders might take without his consent or participation.

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