SHUMAKER v. UTEX EXPLORATION COMPANY

No. C-210-56.

157 F.Supp. 68 (1957)

Roselie SHUMAKER, Plaintiff, v. UTEX EXPLORATION COMPANY, a corporation; Charles A. Steen; Mitchell Melich; Maxine S. Boyd; W. R. McCormick, Defendants.

United States District Court D. Utah, Central Division.

December 4, 1957.


Attorney(s) appearing for the Case

Clifford L. Ashton, Sterling D. Colton, and Donald E. Schwinn (of Van Cott, Bagley, Cornwall & McCarthy), Salt Lake City, Utah, for plaintiff.

Paul H. Ray and Grant C. Aadnesen (of Ray, Quinney & Nebeker), Salt Lake City, Utah, Henry Ruggeri, Price, Utah and Robert H. Ruggeri, Moab, Utah, for defendants.


CHRISTENSON, District Judge.

The phase of this suit now before the Court involves the interpretation and validity of a corporate bylaw designed to assure to a corporation the right to acquire the shares of any stockholder desiring to sell.

Plaintiff Roselie Shumaker is the owner of 48.29% of the capital stock of Utex Exploration Company1, a Utah corporation. This corporation, defendant herein, is the operator of uranium claims...

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