People ex rel. Bosqui v. Crockett

Citations

• 9 Cal. 112

Syllabus

<p>A railroad company cannot refuse to enter the transfer of stock in said company, on their hooks, on the ground that the assignor of the stock is indebted to the company, unless the company had a lien upon the stock, at the date of its transfer.</p> <p>A by-law, passed two days after such transfer, to the effect that no transfer of stock should made upon the books of the company, until all indebtedness of the assignor was paid, would not give the company such lien, or a right to refuse to enter the transfer on their books.</p> <p>The company had a right to pass such by-law, to operate prospectively. Qucere, would such by-law affect subsequent purchasers without notice ?</p>