HAMMOND, J., delivered the opinion of the Court.
The primary question to be determined in this case is the meaning and effect of the provision in the 1951 revision of the corporation law that certain limitations and restrictions, permissible in the by-laws under the prior law, be transferred to the charter within three years from June 1, 1951, if they are to continue to be effective.
In 1945, three business men, Smith, Hendler — the appellee, and Chertkof...
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