Weston

Weston v. Bear River

Good Law
5 Cal. 186
Supreme Court of CaliforniaJuly 1, 1855California1,186 words

Opinion

Lead Opinion

Murray, J.

Bryan, J., concurred.

Heydenfeldt, J., dissented.

The twelfth section of the Act concerning Corporations, passed 22d April, 1850, provides, that " Whenever the capital stock of any cor *187 poration is divided into shares, and certificates thereof are issued, such shares may be transferred by endorsement and delivery of the certificates thereof, such endorsement being by the signature of the proprietor or his attorney, or legal representative; but such transfer shall not be valid, except between the parties thereto, until the same shall have been so entered on the books of the corporation, as to show the names of the parties by and to whom transferred, the number and designation of the shares, and the date of the transfer.” And section one hundred and forty-four of the same Act is as follows: “ It shall be the duty of the trustees of every such corporation or company to cause a book to be kept by the treasurer or clerk thereof, containing the names of persons, alphabetically arranged, who are, or shall within six years have been, stockholders of such company, and showing their places of residence, the number of shares of stock held by them respectively, and the time when they…

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