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SMALLEY v. JUNEAU CLINIC BUILDING CORPORATION

Nos. 1310, 1311.

493 P.2d 1296 (1972)

Robert R. SMALLEY et al., Appellants, v. JUNEAU CLINIC BUILDING CORPORATION, Appellee. JUNEAU CLINIC BUILDING CORPORATION, Cross-Appellant, v. Robert R. SMALLEY et al., Cross-Appellees.

Supreme Court of Alaska.

February 14, 1972.

Attorney(s) appearing for the Case

R.J. Annis, Juneau, for appellants Hansen and Smalley.

Michael M. Holmes, Faulkner, Banfield, Boochever & Doogan, Juneau, for Juneau Clinic Bldg. Corp..

Allan A. Engstrom, Davidson, Engstrom & Evans, Juneau, for Nola Gibson.

Before BONEY, C.J., and RABINOWITZ and ERWIN, JJ.

OPINION

RABINOWITZ, Justice.

These appeals arise out of a fairly complex factual setting involving the leasing by a closely held corporation of a building to a medical partnership which at the inception of the lease was composed of the majority of the shareholders of the lessor corporation.

In 1957 the Juneau Clinic Building Corporation built a single story concrete medical building, containing approximately 7,100 square feet of useable space, in...

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