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WARREN v. BALTO. TRANSIT CO.

[No. 16, September Term, 1959.]

220 Md. 478 (1959)

154 A.2d 796

WARREN v. THE BALTIMORE TRANSIT COMPANY

Court of Appeals of Maryland.

Motions for rehearing and for stay of mandate filed November 17, 1959.

November 18, 1959.

Denied November 19, 1959.

Attorney(s) appearing for the Case

Donald L. Allewalt, with whom was James K. Cullen, Jr., on the brief, for appellant.

Joseph Sherbow, with whom were Edward F. Shea, Jr., Norman Polovoy and Sherbow & Sherbow, on the brief, for appellee.

The cause was argued before HENDERSON, HAMMOND, PRESCOTT and HORNEY, JJ.

HAMMOND, J., delivered the opinion of the Court.

Appellant, the holder of one hundred shares of the 5% preferred stock of The Baltimore Transit Company, dissented from the recapitalization of the company effected in 1953, whereby the accumulated dividend arrearages on his stock were eliminated, and duly demanded the fair value of his shares. The appeal is from the order of the equity court affirming the report of the appraisers who set a value on his stock which he...

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