Lawson v. Household Finance Corp.

The Chancellor:

The complainant’s case rests on the proposition that the ninth article of the certificate of incorporation is not legally binding on stockholders of the defendant corporation and that therefore he is entitled to a transfer of the stock to himself notwithstanding that the conditions and restrictions set forth in that article have never been complied with.

*7He summarizes the points of his argument in the following paragraph at the foot of his brief:

“To sum up the complainant’s position: First, as a general proposition, the law views with disfavor restraints on alienation; the…