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SCHILDBERG ROCK PRODUCTS CO. v. BROOKS

No. 51933.

140 N.W.2d 132 (1966)

SCHILDBERG ROCK PRODUCTS CO., Inc., Appellee, v. William R. BROOKS and Leslie H. Kinsel, Jr., Appellants.

Supreme Court of Iowa.

February 8, 1966.

Attorney(s) appearing for the Case

Hess, Peters & Sulhoff, Council Bluffs, for appellants.

Smith, Peterson, Beckman & Willson, Council Bluffs, and Swift, Brown & Schaetzle, Des Moines, for appellee.

GARFIELD, Chief Justice.

This is an action in equity by Schildberg Rock Products Co., Inc., formerly Missouri Valley Limestone Co., Inc., to require defendants Brooks and Kinsel, former officers and directors of the corporation, to assign a mineral lease on land obtained by them in alleged breach of their fiduciary duty toward the corporation. Trial to the court resulted in decree as prayed from which defendants have appealed.

Our review, is de novo. Rule...

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