Case ID: dc_2/html/0115-02.html
Source: Caselaw Access Project
Author: {"author": "The Court", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

Scholfield et al. v. Union Bank.
    A stockholder of a hank, who has pledged his stock to the hank as collateral security for the payment of his notes not yet due, has a right to vote as a stockholder at an election of directors.
    An injunction had been granted to stay the election of directors of the Union Bank of Alexandria, upon the refusal of the com-* mittee of election to permit those stockholders to vote, whose stock was pledged to the bank as collateral security for notes not yet payable.
   The Court

confirmed the principle upon which the injunction was granted.