Case Name: Levi S. Stockwell, Appellant, v. St. Louis Mercantile Company, Respondent
Court: St. Louis Court of Appeals
Jurisdiction: Missouri
Decision Date: 1880-06-01
Citations: 9 Mo. App. 133
Docket Number: 
Parties: Levi S. Stockwell, Appellant, v. St. Louis Mercantile Company, Respondent.
Judges: All the judges concur.
Reporter: Missouri Appeal Reports
Volume: 9
Pages: 133–133

Head Matter:
Levi S. Stockwell, Appellant, v. St. Louis Mercantile Company, Respondent.
June 1, 1880.
A transfer of stock not entered on the books of the corporation is not binding on the corporation.
Appeal from the St. Louis Circuit Court, Boyle, J.
Affirmed.
S. M. Smith, for the appellant.
William S. Hills, for the respondent.

Opinion:
Lewis, P. J.,
delivered the opinion of the court.
The controlling question in this cause is, whether a transfer of stock in a corporation, not entered on the books of the company in accordance with its by-laws, is binding on the corporation, either with or without notice aliunde of the transfer? The court below, in sustaining the defendant's demurrer to the evidence, held that such a transfer was invalid as against the corporation. The ruling was right, and judgment must be affirmed. Wag. Stats. 289, sect. 1; White v. Salisbury, 33 Mo. 150; Fine v. Hornsby, 2 Mo. App. 61; A. Wight Co. v. Steinkemeyer, 6 Mo. App. 574.
All the judges concur.