Italo Petroleum Corp. of America v. Producers Oil Corp. of America

The Chancellor:

1. Taking the allegations of the petition to be true, as we must on demurrer, enough is shown to demonstrate very clearly that the duly selected transfer agent of Producers deliberately contrived to keep Italo’s name off the stock ledger long enough to disqualify it of record as a voter. Stock transferred within the period of twenty days before an election is disfranchised. Moon, et al., v. Moon Motor Car Co., et al., 17 Del. Ch. 176, 151 A. 298. The transfer agent made captious and unwarranted objections to Italo’s right to registration. That its objections were insincere and…