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ROSE THEATER v. JONES

No. 5-558.

278 S.W.2d 105 (1955)

ROSE THEATER, Inc., and Arkansas Real Estate Company, Inc., Appellants, v. Gerald W. JONES and William Van White, Appellees.

Supreme Court of Arkansas.

Rehearing Denied May 16, 1955.

Attorney(s) appearing for the Case

Lasley, Spitzberg, Mitchell & Hayes, Little Rock, for appellants.

Wright, Harrison, Lindsey & Upton, Little Rock, for appellees.

ROBINSON, Justice.

This is a suit to require the one who organized a corporation to return to the company shares of stock alleged to be of a value in excess of the value of land traded to the corporation for stock; to dissolve the corporation, sell the assets, and distribute the proceeds of the sale among the stockhoHers.

R. M. Traylor controls the Arkansas Real Estate Company which owned 16½ acres on East Roosevelt Road in the city of Little Rock. He...

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