Hawkins v. Mansfield Gold Mining Co.

Citations

• 52 Cal. 513

Syllabus

<p>Transfer of Stock of Corporation.—If the owners of a mining claim agree to incorporate and. to take stock in the corporation in proportion to the interest of each in the mine, and before the corporation has been created one transfers to a third person shares of stock to be issued as soon as the •corporation is in existence, and gives him a certificate to that effect, the corporation is not bound by the transfer or certificate, and is not obliged to issue the stock to such third person.</p>