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CANDLER-HILL CORP. v. SEMINOLE OIL & GAS CORP.

96 A.2d 577 (1953)

CANDLER-HILL CORP. v. SEMINOLE OIL & GAS CORP. et al.

Court of Chancery of Delaware, New Castle.

May 8, 1953.

Attorney(s) appearing for the Case

Richard F. Corroon (of Berl, Potter & Anderson), Wilmington, for plaintiff.

William H. Foulk and Edward W. Cooch, Jr., Wilmington, for defendant Jack R. Gammel.

Defendant Seminole Oil & Gas Corp. appeared without counsel.

SEITZ, Chancellor.

This is the decision after final hearing on an action to recover certain shares of stock of the defendant corporation formerly owned by plaintiff corporation but now registered in the name of the individual defendant.

Plaintiff, Candler-Hill Corporation, is a Michigan corporation. In 1942 Thomas B. Wright, and his partner, Fain Gillock, acquired stock ownership of plaintiff. In 1944, 50% of the stock was owned by Merrel Merke, Gillock's...

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