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HAMMOND V. HASTINGS, 134 U. S. 401 (1890)

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U.S. Supreme Court

Hammond v. Hastings, 134 U.S. 401 (1890)

Hammond v. Hastings

No. 200

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.

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