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SMITH v. BIGGS BOILER WORKS CO.

82 A.2d 372 (1951)

SMITH v. BIGGS BOILER WORKS CO. et al.

Court of Chancery of Delaware, New Castle County.

July 6, 1951.

Attorney(s) appearing for the Case

John VanBrunt, Jr., of Killoran & VanBrunt, Wilmington, for the petitioner.

William E. Taylor, Jr., of Wilmington, and Edward C. Crouch, of Marshman, Hollington & Steadman, of Cleveland, Ohio, for defendants.

LAYTON, Acting Vice Chancellor.3

The question presented is whether a valid Voting Trust may be formed under Section 18 of stock then in escrow, where the Voting Trust Agreement recites the existence of the Escrow Agreement, deems the stock thereby deposited as though deposited with the Voting Trustees and states the intention of the owners of the stock to deposit it physically with the Voting Trustees...

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