Travers v. Grossman

This bill under G. L. c. 231A is brought against Massachusetts Envelope Company and Jerome Grossman, its president and clerk, for a binding declaration as to the plaintiff’s status as a stockholder. A demurrer was sustained generally by an interlocutory decree. A final decree dismissed the bill with prejudice, reciting 'that the plaintiff had been guilty of loches. The plaintiff appealed from the decrees.

The bill alleges that the plaintiff is the owner and holder of fifteen shares of the common stock issued to him on December 23, 1936, which have never been transferred on the books. The…