Tuttle v. Walton
Supreme Court of Georgia
This was an action on the case, tried in ¡he Superior Court of the county of Richmond, before Judge Gamble, at March Term, 1846 ; the facts of which are as follows : On the 4th of October, 1840, William Glendenn.ing became the proprietor of twenty-five shares of bank stock of the Augusta Insurance and Banking Company.
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This was an action on the case, tried in ¡he Superior Court of the county of Richmond, before Judge Gamble, at March Term, 1846 ; the facts of which are as follows : On the 4th of October, 1840, William Glendenn.ing became the proprietor of twenty-five shares of bank stock of the Augusta Insurance and Banking Company. In the script (the evidence of his ownership) is the following clause : “ 'Which stock is subject to the payment of all debts due, or to become due, from said stockholder to the said Company, either as principal, security, or otherwise, and is transferable only on the books of…
1Opinion of the Court
The judges not being unanimous in their decision affirming said judgment, delivered their opinions seriatim as follows :—
Warsee, Judge.
This case, as exhibited to tho court by the record, involves the question, as to the validity of the By-law regulating the transfer of stock, by the stockholders in the Augusta Insurance and Banking Company. By the third section of the act incorporating said Company it is declared, the stockholders in said institution “ may make, ordain and establish such bylaws, rules, a.nd regulations, as they may deem, expedient and necessary to carry into effect the…
2Cited by14 opinions
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