FAUNCE v. BOOST CO.


15 N.J. Super. 534 (1951)

83 A.2d 649

RANDLE B. FAUNCE AND E. LESTER STOCKTON, PLAINTIFFS, v. BOOST COMPANY, MAUDE F. FAUNCE, INDIVIDUALLY AND AS TRUSTEE-DESIGNATE UNDER THE WILL OF BENJAMIN R. FAUNCE, DECEASED, AND B. PAUL FAUNCE, DEFENDANTS.

Superior Court of New Jersey, Chancery Division.

Decided September 26, 1951.


Attorney(s) appearing for the Case

Mr. Charles A. Cohen, attorney for plaintiffs.

Mr. W. Louis Bossle, attorney for defendants.


HANEMAN, J.S.C.

Plaintiffs herein seek to enjoin the consummation of a certain plan to alter the capital stock structure of the defendant Boost Company. This plan is embodied in resolutions adopted by the board of directors of the company and by the holders of more than two-thirds of the outstanding capital stock.

Defendant Boost Company was incorporated under the General Corporation Act of this State on May...

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