OWEN v. MERTS

No. 5-3931.

405 S.W.2d 273 (1966)

Maurice OWEN et al., Appellants, v. R. H. MERTS et al., Appellees.

Supreme Court of Arkansas.

Rehearing Denied July 25, 1966.


Attorney(s) appearing for the Case

Carlton Currie, Pine Bluff, for appellants.

Gregory & Claycomb, Pine Bluff, for appellees.


BLAND, Justice.

This is a suit for specific performance of a contract to sell shares of stock in the Pine Bluff National Bank and involves the construction of a mutual stock option contract containing a stock restriction on the shares issued to the organizing parties.

In July of 1964 twelve individuals decided to organize the Pine Bluff National Bank. To effectuate the organization these twelve persons, together with the President and Vice President, entered...

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