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