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American Hair Felt Co. v. Starring

Supreme Court of Delaware
Jun 15, 1937
2 A.2d 249 (Del. 1937)

Summary

In Greene, this court indicated that a corporate charter provision authorizing the corporation to buy a shareholder's stock at any time at its net asset value, even from an unwilling seller, might be an invalid restriction on transfer.

Summary of this case from Capital Group Companies Inc. v. Armour

Opinion

June 15, 1937.

Hugh M. Morris and Edwin D. Steel, Jr., both of Wilmington (Louis Quarles, of Lines, Spooner Quarles, of Milwaukee, Wis., of counsel), for appellant.

Aaron Finger (of Richards, Layton Finger), of Wilmington, and Malcolm Mecartney, of Chicago, Ill., for appellee.


The record and briefs have been carefully considered. The preliminary injunction prayed for by the complainant was properly issued, and the opinion of the Chancellor sufficiently discloses the reasons therefor. The decree, 191 A. 887, is affirmed.


Summaries of

American Hair Felt Co. v. Starring

Supreme Court of Delaware
Jun 15, 1937
2 A.2d 249 (Del. 1937)

In Greene, this court indicated that a corporate charter provision authorizing the corporation to buy a shareholder's stock at any time at its net asset value, even from an unwilling seller, might be an invalid restriction on transfer.

Summary of this case from Capital Group Companies Inc. v. Armour

In Greene, a corporation's articles of incorporation provided that, on demand of the corporation, a common stockholder was required to sell his or her shares.

Summary of this case from Estate of Hall
Case details for

American Hair Felt Co. v. Starring

Case Details

Full title:AMERICAN HAIR FELT COMPANY, a Corporation, Defendant Below, Appellant, v…

Court:Supreme Court of Delaware

Date published: Jun 15, 1937

Citations

2 A.2d 249 (Del. 1937)

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