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STERLING v. CITY NAT. BANK & TRUST CO.

Gen. No. 47,305.

17 Ill. App.2d 340 (1958)

149 N.E.2d 789

Edward C. Sterling, Appellant, v. City National Bank and Trust Company of Chicago, a National Banking Association, Appellee.

Appellate Court of Illinois — First District, Second Division.

Released for publication May 21, 1958.

Attorney(s) appearing for the Case

Edward Slovick, of Chicago, for appellant.

Dallstream, Schiff, Hardin, Waite & Dorschel, of Chicago (John B. Robinson, Jr., of counsel) for appellee.

JUSTICE LEWE delivered the opinion of the court.

Plaintiff, a shareholder of Forman Realty Corporation, hereafter called Forman, an Illinois Corporation, filed an action against defendant, City National Bank and Trust Company of Chicago, hereafter called the bank, and stock transfer agent of Forman, to recover the penalty provided in Section 45, Illinois Business Corporation Act [Ill. Rev. Stats. 1957, ch. 32, § 157.45] for the bank's alleged wrongful refusal...

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