Helm v. Swiggett

Perkins, J.. 1 his was a suit against the Fayette County Bank, of which Meredith Helm was president, to recover the value of two shares of stock in said bank, which the bank refused to permit the transfer of to the purchaser. The suit was by the second assignee of the certificate for said shares. One Ross, the first assignor, was made a party defendant, with the bank.

The certificate stated that Ross was the owner of two shares of stock, fully paid out, &c., and that the same were transferable only on the books of the said bank, in person or by attorney, on surrender of the certificate. This…