Legal Opinion
Ling and Company v. Trinity Savings and Loan Assn.
Court of Appeals of Texas
Decided September 2, 1971No. 5043PublishedCited by 1 opinion
1Opinion of the Court
OPINION
JAMES, Justice.
This is an appeal from a summary judgment. Appellant Ling and Co., Inc. had issued to one Bruce W. Bowman, Certificate No. A62 consisting of 1500 shares of class A common stock. Appellant Ling and Co. contends that the transferability of this share was and is restricted basically to the extent that the holder must grant an option of first refusal to Ling and Co.; but that Bowman did not observe such restrictions and transferred and assigned the stock certificate to appellee Trinity Savings and Loan Assn, as collateral for his promissory note to Trinity.
Bowman defaulted…
2Cases cited7 opinions
- New England Trust Co. v. AbbottMassachusetts Supreme Judicial Court · 1894
- Vannucci v. PedriniCalifornia Supreme Court · 1932
- Bloomingdale v. BloomingdaleNew York Supreme Court · 1919
- People ex rel. Rudaitis v. GalskisAppellate Court of Illinois · 1924
- Howe v. RobertsSupreme Court of Alabama · 1923
2 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Ling and Company v. Trinity Savings and Loan Ass'nTexas Supreme Court · 1972