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McCARTHY v. OSBORN

No. 39325.

65 So.2d 776 (1953)

223 La. 305

McCARTHY v. OSBORN et al.

Supreme Court of Louisiana.

Rehearing Denied June 1, 1953.

Attorney(s) appearing for the Case

Simon Herold, Shreveport, for plaintiff-appellant.

Cook, Clark & Egan; Foster, Hall & Smith, Shreveport, for defendants-appellees.

PONDER, Justice.

Plaintiff has appealed from a judgment of the district court sustaining an exception of no cause or right of action.

Plaintiff alleges that she is the owner of ten shares of capital stock in the Osborn Life Insurance Company; that the charter of that corporation contains the following provision:

"No stockholder shall sell, assign, convey, transfer or dispose of the capital stock of this corporation unless and

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