U.S. Supreme Court
Hammond v. Hastings, 134 U.S. 401 (1890)
Hammond v. Hastings
Argued March 7, 1890
Decided March 24, 1890
134 U.S. 401
When, by general law, a lien is given to a corporation upon the stock of a stockholder in the corporation for any indebtedness owing by him to it, that lien is valid and enforceable against all the world, and a sale of the stockholder's stock to a person ignorant of the lien will not discharge it and thus authorize the purchaser to demand and receive a transfer of it so discharged.
The case is stated in the opinion.