Pomeroy v. Westaway

Plaintiff was and still is a stockholder of defendant A. D. Julliard & Co., Inc.

Article 36 of the .by-laws of the company, entitled, “ Transfers of Stock ”, so far as here pertinent, provides: “ No transfer of stock shall be made on the books of the company, and no sale or assignment thereof shall be valid, unless such stock shall have first been offered to the corporation, and second to the stockholders of this corporation, if the corporation shall fail, neglect or refuse to purchase the same, subject to the condition that the corporation might acquire any part of said offering before any of…