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BROWN v. DOLESE

154 A.2d 233 (1959)

Margaret Dolese BROWN, Mary Dolese Courtis, and Peter Dolese Courtis, David Michael Courtis, Margaret Weber Courtis and Jane Appleton Courtis, minors, by their guardian, Mary Dolese Courtis, Plaintiffs, v. Roger DOLESE, individually and as Trustee for the benefit of Mary Dolese Courtis, Peter Dolese Courtis, David Michael Courtis, Margaret Weber Courtis and Jane Appleton Courtis, Dolese Bros. Co., a Delaware corporation, and The Dolese Company, a Delaware corporation, Defendants.

Court of Chancery of Delaware, New Castle.

September 11, 1959.

Attorney(s) appearing for the Case

Richard F. Corroon, of Berl, Potter & Anderson, Wilmington, and Harvey A. Fischer, of Fischer, Sprague, Franklin & Ford, Detroit, Mich., for plaintiffs.

Robert H. Richards, Jr., of Richards, Layton & Finger, Wilmington, for the appearing defendants, Roger Dolese, individually, Dolese Bros. Co. and The Dolese Company.

MARVEL, Vice Chancellor.

This case is concerned with the internal affairs of a closely held family corporation known as Dolese Bros. Co. According to the unverified complaint, Margaret Dolese Brown is the holder of 400 shares of the capital stock of such corporation, her sister, Mary Dolese Courtis, is the life beneficiary of 200 shares of such stock held in a trust created under the will of her uncle, Henry Dolese, and the remaining plaintiffs,1...

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