Bishop v. Globe Co.
Massachusetts Supreme Judicial Court
Tort in two counts. The first count alleged that the defendant converted to its own use a certificate of forty shares of its capital stock, the property of the plaintiff.
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Tort in two counts. The first count alleged that the defendant converted to its own use a certificate of forty shares of its capital stock, the property of the plaintiff. The second count alleged that the plaintiff was lawfully in possession and the owner of a certificate of forty shares of the capital stock of the defendant corporation, issued to one Wilkins; that the plaintiff in the course of business presented said certificate at the office of the defendant, with a duly executed assignment to the plaintiff of said forty shares of stock by Wilkins indorsed thereon, and then and there…
1Opinion of the CourtColburn, J.
The defendant is a corporation organized under the laws of the State of Connecticut, and the rights and obligar tians of its stockholders, as between themselves and the corporation, are to be determined by the laws of that State. Hutchins v. New England Coal Mining Co. 4 Allen, 580. Halsey v. McLean, *13712 Allen, 438. The statute of Connecticut, which was put in evidence, provides that “the stock of every joint stock corporation shall be transferred only on its books in such form as the by-laws shall prescribe, and the corporation shall have a lien upon all the stock owned by any person therein…
2Cases cited1 opinion
- First National Bank v. Hartford Life & Annuity InsuranceSupreme Court of Connecticut · 1877
3Cited by7 opinions
- State ex rel. Watkins v. North American Land & Timber Co.Supreme Court of Louisiana · 1901
- Hammond v. HastingsSupreme Court of the United States · 1890
- H. W. Wright Lumber Co. v. HixonWisconsin Supreme Court · 1899
- Sayles v. BatesSupreme Court of Rhode Island · 1886
- Moore v. Royal Oak Lumber & Supply Co.Michigan Supreme Court · 1912
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