Elliott v. Lindquist

Opinion by

Mr. Justice Linn,

The plaintiffs and the defendants are all the stockholders of the Logan Lumber Company, a Pennsylvania business corporation, organized in 1918. There are three plaintiffs but only two have appealed. The six defendants are the remaining stockholders. The plaintiffs sued to set aside purchases of stock made by two of the defendants from a stockholder named Detwiler. The plaintiffs contended that the by-laws of the company guaranteed to them the right to participate in the purchase of the stock Detwiler desired to sell and that they liad been deprived of tbe right.…