Page to No. Ss Il have Section Edition, 5455 where not briefed of Fletcher the matter the matter Cyclopedia completely, but I refer One cases cited Corporations, is discussed, Permanent of the there is Longyear v. Hardman, et al., decided by the dassachusetts Supreme vgudicial Court in 1914. it is reported in 219 Mass. 405, 106 3.E. 1012, and ann, Cas, 1916, 0D 1200. There the provision in the erticles of incorporation was, "None of the shares of capital stock shall be sold, hypothecated or transferred withont the consent of tareefourths ef the caciteal Stock had been transferred electedto certain offices stock of to in defendants and they company. Ownership the the the corporation’. had been of stock appeared to be a condition to their right to hold the office, They were entitledte retain their offices if the atock was validly transferred to them. The court neld that it wes not. Putting it im another form, the certificates issued to them were void, not voldable. ing-Olsen irs. Olsen, Applying trustees the same principles to your case, the Srownhave no rights whatever to the stock which I understand, has attempted to transfer to then. if that conclusion 1s correct, then ara. Olsen must be recogpnizecd as the stockholder, so that when the corporation dis~ tributes she the will vatents take and total number of interest shares represented the family trust. holders, by the in addition the the shares by and 752 held shares instead of the all 506 of the company the Browning-Olsen trustees other stockholders, court. unless : contracts which have the if what 1 have said the law, that would anc the royalty ‘This much +Ou transfer are seems not mention of corporationto the ite to is a seem to its therein been by That issued her stock- represented to her, proportion would give transferring that the the officers without the consent of all of the eompelled to do by an order of usking your in letter clear, the so stock necessity of and royalty contraets from the stockholders before the the year. patents of her correct statement of the to be the only larful thing be entirely justified in interests shares. facts to do. of end of to .