CROW v. CONTEXT INDUSTRIES, INC.

Nos. 71-654, 71-655.

260 So.2d 865 (1972)

Lon Worth CROW, Jr., et al., Appellants, v. CONTEXT INDUSTRIES, INC., a Corporation Organized and Existing under the Laws of the State of Florida, et al., Appellees.

District Court of Appeal of Florida, Third District.

Rehearing Denied May 8, 1972.


Attorney(s) appearing for the Case

Robert C. Claiborne, and George J. Baya, Miami, for appellants.

Walton, Lantaff, Schroeder, Carson & Wahl and James Knight, Carr & Warren, Arthur L. Willner, Miami, for appellees.

Before PEARSON, CHARLES CARROLL and HENDRY, JJ.


HENDRY, Judge.

Appellant-plaintiffs, shareholders and directors of the parent corporation, instituted a stockholders' derivative action to enforce the rights of the parent corporation concerning the sale of certain assets of its wholly owned subsidiary. They seek review of a final summary judgment entered in favor of appellee-defendants, who are the directors of the parent and the former president of the subsidiary.

We affirm. Appellants lack the capacity...

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