Campbell v. American Zylonite Co.
New York Court of Appeals
Appeal from judgment of the General Term of the Superior Court of the city of Hew York, entered upon an order made May Y, 1888, which affirmed & judgment in favor of plaintiff entered upon a decision of the court on trial at Special Term. ■This action was brought to procure the transfer by defendant upon its books of certain shares of stock to plaintiff and the issue to him of a new certificate therefor.' The defendant was incorporated September 10, 1880, under chapter 40 of…
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Appeal from judgment of the General Term of the Superior Court of the city of Hew York, entered upon an order made May Y, 1888, which affirmed & judgment in favor of plaintiff entered upon a decision of the court on trial at Special Term. ■This action was brought to procure the transfer by defendant upon its books of certain shares of stock to plaintiff and the issue to him of a new certificate therefor.' The defendant was incorporated September 10, 1880, under chapter 40 of the Laws of 1848, and the acts amendar- J tory thereof and supplementary thereto, with a capital of $Y50,000 divided…
1Opinion of the Court
Follett, Ch. J.
The rights and powers arising out of the ownership of corporate shades are those Avhicli belong to their owners as individuals, to be enjoyed and exercised in severalty, and those aatMc1i are collective and are exercised in common with all of the shareholders pursuant to the powers conferred by the statute under which the corporation is organized, or by its articles of association. The right to sell shares is a personal one, and. so is the right to grant or Avithhold assent to change their relative value. The right to vote in corporate elections, and to assent to mortgaging the…
Also in this document: Dissent.
2Cases cited2 opinions
- Kent v. . Quicksilver Mining Co.New York Court of Appeals · 1879
- Johnson v. . UnderhillNew York Court of Appeals · 1873
3Cited by14 opinions
- Hinckley v. Schwarzschild & Sulzberger Co.Appellate Division of the Supreme Court of the State of New York · 1905
- In re FriedmanNew York Supreme Court · 1945
- Elyea v. . Lehigh Salt Mining Co.New York Court of Appeals · 1901
- Cohen v. Big Stone Gap Iron Co.Supreme Court of Virginia · 1910
- Ernst v. Elmira Municipal Improvement Co.New York Supreme Court · 1898
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