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Home / Opinions / Courts / 8th U.S. Circuit Court of Appeals / Contracts: Family Corporation-Transfer of Stock-Right of First Refusal

Contracts: Family Corporation-Transfer of Stock-Right of First Refusal

Where bylaws' restriction on transfer only granted right of first refusal to holders of class of stock being transferred, plaintiffs had no right to notice of transfer because they held different class of stock and where sole owner of voting stock evidenced clear intent to maintain control. Judgment is affirmed. Rains v. Jones. (MLW No. 72141/Case No ...