Saguache Lumber and Hardware Co. v. Briggs

This is a suit to compel a corporation to enter upon its books a transfer of stock. To review the judgment, which was for plaintiff, defendants below have sued out this writ of error.

On June 20, 1922, W. C. Briggs, then the holder of 1,400 shares of stock in the defendant corporation, assigned his certificate of stock, representing such shares, to the plaintiff, Fannie V. Briggs.

In its answer, and at the trial, the defendant corporation sought to justify its refusal to enter the transfer on its books on the ground that the original certificate was not surrendered.

The surrender of the old…