Court of Appeals of Texas September 2, 1971, 5043 (Ling and Company v. Trinity Savings and Loan Assn.)

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.