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BLANDIN v. UNITED NORTH AND SOUTH DEVELOPMENT CO.

Civil Action No. 610.

121 A.2d 686 (1956)

John J. BLANDIN, Plaintiff, v. UNITED NORTH AND SOUTH DEVELOPMENT COMPANY, a dissolved corporation of the State of Delaware, Defendant.

Court of Chancery of Delaware, New Castle.

March 26, 1956.

Attorney(s) appearing for the Case

Ernest S. Wilson, Jr., of Morford & Bennethum, Wilmington, for plaintiff.

John P. Sinclair, of Berl, Potter & Anderson, Wilmington, for defendant.

MARVEL, Vice Chancellor.

Plaintiff seeks to establish his right to certain claimed dividends allegedly due him as the holder of a certificate for 100 shares of series A $10 par value preferred stock of the defendant corporation. This1 class of stock on which cumulative dividends were paid prior to redemption was authorized by corporate amendment of April 29, 1937, adopted following reorganization...

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