BLUE HILLS LAND COMPANY v. LEE

6 Div. 766.

139 So.2d 608 (1962)

BLUE HILLS LAND COMPANY, Inc., et al. v. Frank H. LEE et al.

Supreme Court of Alabama.

March 29, 1962.


Attorney(s) appearing for the Case

Gordon & Cleveland, Birmingham, for appellants.

Weir, Shannon & Conerly, Birmingham, for appellees.


SIMPSON, Justice.

Appeal by complainants from an adverse decree on demurrer.

This is a derivative stockholders bill in equity whereby appellant Grover L. Miller, a minority stockholder of Blue Hills Land Co., a corporation, seeks to have set aside a conveyance made in the name of the corporation by appellees Lee and Harrell, officers, directors and stockholders of the corporation whereby the corporation conveyed, without consideration, all its assets to Lee...

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