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FRENCH v. CUMBERLAND BANK & TRUST CO.

74 S.E.2d 265 (1953)

194 Va. 475

FRENCH v. CUMBERLAND BANK & TRUST CO.

Supreme Court of Appeals of Virginia.

January 26, 1953.

Attorney(s) appearing for the Case

Vernoy B. Tate, Wise, for appellant.

Combs, Combs & Street, Grundy and Norman S. Elliott, Richmond, for appellee.

Hunton, Williams, Anderson, Gay & Moore, George D. Gibson and John W. Riely, Richmond, amici curiae.

Before HUDGINS, C. J., and EGGLESTON, SPRATLEY, BUCHANAN, MILLER, SMITH and WHITTLE, JJ.

HUDGINS, Chief Justice.

G. Mark French prosecutes this appeal from an order of the State Corporation Commission, hereinafter designated "Commission," permitting the Cumberland Bank and Trust Company of Grundy, Virginia, hereinafter referred to as "Bank," to amend its charter so as to provide for a maximum capital stock of $500,000, consisting entirely of 10,000 shares of common stock of the par value of $50 each, and to abolish cumulative voting for directors.

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