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INDUSTRIAL ELECTRONICS ASSOCIATES, INC. v. POTEAT

No. 70-680.

251 So.2d 135 (1971)

INDUSTRIAL ELECTRONICS ASSOCIATES, INC., a Florida Corporation, Appellant, v. Earl L. POTEAT and Jeanne Poteat, for and On Behalf of Industrial Electronics Associates, Inc., a Florida Corporation, et al., Appellees.

District Court of Appeal of Florida, Fourth District.

August 6, 1971.

Attorney(s) appearing for the Case

Norman J. Kapner of Campbell, Colbath, Kapner & Bratten, West Palm Beach, for appellant.

No appearance for appellees.

CROSS, Judge.

Appellant, Industrial Electronics Associates, Inc., brings this interlocutory appeal seeking review of an order requiring appellees-plaintiffs, Earl L. Poteat, et al., to post a "security-for-expenses" bond pursuant to Section 608.131(4), Florida Statutes 1969, F.S.A., in a stockholders derivative suit. We affirm.

Plaintiffs, minority stockholders in the appellant corporation, instituted a stockholders...

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