WARD v. COLCORD

Gen. No. 50,663.

110 Ill. App.2d 68 (1969)

249 N.E.2d 137

W. Paul Ward and Imperial Elevator Co., an Illinois Corporation, Plaintiffs-Appellees and Cross-Appellants, v. Dean L. Colcord and Leonard E. Tooke, Defendants-Appellants and Cross-Appellees.

Appellate Court of Illinois — First District.

April 25, 1969.


Attorney(s) appearing for the Case

Gerard A. Serritella, of Chicago (Gerard A. Serritella and Philip J. McGuire, of counsel), for appellants.

Schwartz & Gutstein, of Chicago (Julius J. Schwartz, Solomon Gutstein, and Michael F. Zlatnik, of counsel), for appellees.


MR. JUSTICE SMITH delivered the opinion of the court.

The trial court entered a decree finding that the management of this corporation was deadlocked, directed that the parties sell and dispose of the corporate assets, pay corporate debts and liabilities, and account between themselves as to their respective stock interests within 90 days, or in the alternative that a sale of the elevator company or its assets or its...

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