AIPLE v. TWIN CITY BARGE & TOWING CO.

Nos. 39793, 39801.

143 N.W.2d 374 (1966)

Frank E. AIPLE, Respondent, v. TWIN CITY BARGE & TOWING CO., et al., Appellants.

Supreme Court of Minnesota.

Rehearing Denied June 30, 1966.


Attorney(s) appearing for the Case

Berryman, Fisher & Johnson and Mark J. Vieno, St. Paul, Lord, Bissell & Brook, Wm. Bricen Miller and C. Roy Peterson, Chicago, for appellants.

Doherty, Rumble & Butler, John L. Hannaford, R. J. Leonard, and T. E. Rohricht, St. Paul, for respondent.


MURPHY, Justice.

This is an appeal from an order and judgment of the district court granting the plaintiff, a minority stockholder, injunctive relief against the defendant corporation and its executive officers. The litigation grows out of the action of the managing directors of the corporation in creating a subsidiary corporation and transferring assets to the subsidiary in exchange for stock, over the negative vote of the plaintiff. The plaintiff contends that this...

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