GAMBLE v. PENN VALLEY CRUDE OIL CORP.


104 A.2d 257 (1954)

GAMBLE v. PENN VALLEY CRUDE OIL CORP.

Court of Chancery of Delaware, New Castle.

April 9, 1954.


Attorney(s) appearing for the Case

David F. Anderson (of Berl, Potter & Anderson), Wilmington, and Clarence E. Hall, Philadelphia, Pa., for plaintiff.

William H. Foulk and William Duffy, Jr., Wilmington, for defendant.


SEITZ, Chancellor.

This is an action by an individual against a dissolved corporation seeking a declaratory judgment that he is entitled to have certain shares of stock issued to him on the payment of a certain sum as provided for in a stock option agreement purportedly exercised by him after dissolution. He seeks, in the alternative, a determination that upon the payment of the option price, he is entitled to receive from the corporation or its liquidating agent...

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