GEOMINERALS CORP. v. GRACE

No. 5-2107.

338 S.W.2d 935 (1960)

GEOMINERALS CORP., Appellant, v. Preston GRACE et al.

Supreme Court of Arkansas.

October 10, 1960.


Attorney(s) appearing for the Case

Pickens, Pickens & Boyce, by Fred M. Pickens, Jr., Newport, Schwartz, Schwartz & Landsman, by Burnett Schwartz, St. Louis, Mo., and Lee Young, Union, Mo., for appellant.

James A. Finch, Jr., Cape Girardeau, Mo., M. F. Highsmith, Batesville, for appellees.


McFADDIN, Justice.

The appellant, Geominerals Corporation, seeks relief against appellees: Grace, one of its stockholders, and Potashnick, one of its directors. The claimed relief arises because of dealings the appellees had with the Corporation. Geominerals is a Delaware corporation, undertaking to make money through mineral leases and developments. Its principal place of business is in Louisiana, but it is duly domesticated in Arkansas. At all times herein, appellees...

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