LING AND COMPANY v. TRINITY SAVINGS AND LOAN ASSN.

No. 5043.

470 S.W.2d 441 (1971)

LING AND COMPANY, Inc., Appellant, v. TRINITY SAVINGS AND LOAN ASSN., Appellee.

Court of Civil Appeals of Texas, Waco.

Rehearing Denied September 16, 1971.


Attorney(s) appearing for the Case

Geary, Brice, Barron & Stahl, J. Christopher Bird, Dallas, for appellant.

Freedman, Day & Waters, Jimmy D. Ivy, Dallas, for appellee.


OPINION

JAMES, Justice.

This is an appeal from a summary judgment. Appellant Ling and Co., Inc. had issued to one Bruce W. Bowman, Certificate No. A62 consisting of 1500 shares of class A common stock. Appellant Ling and Co. contends that the transferability of this share was and is restricted basically to the extent that the holder must grant an option of first refusal to Ling and Co.; but that Bowman did not observe such restrictions and transferred and...

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