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APPLICATION OF ATLAS POWDER CO.

78 A.2d 1 (1951)

Application of ATLAS POWDER CO.

Court of Chancery of Delaware, New Castle.

January 24, 1951.

Attorney(s) appearing for the Case

H. James Conaway, Jr., of Hering, Morris, James & Hitchens, Wilmington, for claimant Zeeb.

Clarence A. Southerland and Richard F. Corroon, of Southerland, Berl & Potter, Wilmington, for Atlas Powder Company.

SEITZ, Vice Chancellor.

The question is whether a certain stockholder filed a legally sufficient objection in writing under our appraisal statute.

Under the Delaware appraisal statute, Rev.Code 1935, § 2093, a stockholder desiring an appraisal must, inter alia, make a written objection and a separate written demand for payment within certain designated periods.

By court order all stockholders seeking an appraisal were directed to file their claims...

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