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WAITE v. OLD TUCSON DEVELOPMENT CO.

No. 2 CA-CIV 1696.

22 Ariz. App. 517 (1974)

528 P.2d 1276

Rex R. WAITE and Delores A. Waite, husband and wife, Appellants, v. OLD TUCSON DEVELOPMENT CO., an Arizona corporation, and Old Tucson Corporation, a Delaware corporation, Appellees.

Court of Appeals of Arizona, Division 2.

Rehearing Denied January 20, 1975.

Review Denied February 18, 1975.

Attorney(s) appearing for the Case

Herbert E. Williams, Tucson, for appellants.

Bilby, Thompson, Shoenhair & Warnock, P.C., by Lawrence M. Hecker, Jr., Tucson, for appellees.

OPINION

HATHAWAY, Chief Judge.

Did the trial court err in dismissing appellants' complaint for failure to state a claim for relief? That is the sole issue to be resolved on this appeal.

Appellants (plaintiffs below) filed suit against appellees (defendants below) alleging in substance that they were the owners of 1,626 shares of common stock in Old Tucson Development Company; that Old Tucson Development Company, an Arizona corporation, had entered...

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