ARFSTEN v. HIGBY

No. 20017.

372 P.2d 166 (1962)

Helen Ema ARFSTEN, Gertrude Ann Elliott, also known as Gertrude Ann Noe, Isaac John Noe, James H. Noe, Richard C. Noe, Charles L. Noe, Fred W. Noe, Jennie Katheryne Quimby, also known as Jennie Katheryne Raber, Plaintiffs in Error, v. Charles S. HIGBY, Jennie E. Higby, L. R. Higby, also known as Louis R. Higby, Louis R. Higby, Jr., also known as Louis R. Higby, William E. Higby, and The Greenland Land and Cattle Company, Defendants in Error.

Supreme Court of Colorado. In Department.

June 11, 1962.


Attorney(s) appearing for the Case

Paul Snyder, Castle Rock, for plaintiffs in error Arfsten and others.

West and West, Greeley, for plaintiffs in error Fred W. Noe and Jennie Katheryne Raber.

Enos, Buchler & Deisch, Denver, for defendants in error.


FRANTZ, Justice.

As minority stockholders owning 7 5/12 of the 46 shares of outstanding stock of The Greenland Land and Cattle Company, plaintiffs in error sued the majority stockholders, who own 28 9/60 shares, for alleged breaches of fiduciary duties owing to minority stockholders in the administration of corporate affairs. Other stockholders, owning 10 13/30 shares, who refused to join with them as plaintiffs, were made defendants. The corporation was also made...

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