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MERCHANTS & PLANTERS BANK v. SPEARS

No. 4-9693.

243 S.W.2d 751 (1951)

MERCHANTS & PLANTERS BANK et al. v. SPEARS et al.

Supreme Court of Arkansas.

Rehearing Denied December 3, 1951.

Attorney(s) appearing for the Case

Elton A. Rieves, Jr. and Nance & Nance all of West Memphis and Hale & Fogleman, Marion, for appellant.

Bailey & Warren, Little Rock, for appellee.

McFADDIN, Justice.

This suit stems from a dispute between rival groups in the Merchants and Planters Bank of West Memphis. Appellants constitute the majority faction and are directors of the Bank. Appellees, the minority faction, filed suit to require the Bank and the appellants to recognize the appellees as stockholders. From a decree in favor of the appellees there is this appeal.

The capital stock of the Bank consists of 500 shares. On December 12, 1949...

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