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BAKER v. COMMERCIAL BODY BUILDERS, INC.

507 P.2d 387 (1973)

Lyle BAKER and Patsy Baker, Husband and Wife, Appellants, v. COMMERCIAL BODY BUILDERS, INC., an Oregon Corporation, et al., Respondents.

Supreme Court of Oregon.

Decided March 1, 1973.

Attorney(s) appearing for the Case

Richard H. Muller, Portland, argued the cause for appellants. With him on the briefs were Bouneff, Muller, Marshall & Hawkes, Portland.

Allen L. Fallgren, Portland, argued the cause and filed the brief for respondents.

Before O'CONNELL, C.J., and McALLISTER, DENECKE, TONGUE, HOWELL and BRYSON, JJ.

TONGUE, Justice.

This is a suit under ORS 57.595 by the owners of 49% of the stock in a "close corporation" to compel a dissolution of the corporation for alleged "illegal, oppressive and fraudulent" conduct by defendants Siler as directors of the corporation and for "misapplication and waste" of its assets.1

Plaintiffs appeal from a decree dismissing their complaint, based on findings by the trial court that "[p]laintiffs have...

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