UNITED STATES SUPREME COURT DECISIONS ON-LINE

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

134 U. S. 401

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

Syllabus

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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