LEVISA OIL CORP. v. QUIGLEY

Record No. 760417.

234 S.E.2d 257 (1977)

LEVISA OIL CORPORATION et al. v. Mary W. QUIGLEY.

Supreme Court of Virginia.

April 22, 1977.


Attorney(s) appearing for the Case

Roger W. Mullins, Tazewell (Guy W. Perkins, Bluefield, W. Va., McClintock & Mullins; Tazewell, Katz, Kantor, Katz, Perkins & Cameron, Bluefield, W. Va., on briefs), for appellants.

John C. Lowe, Charlottesville (Lowe & Gordon, Ltd., Charlottesville, on brief), for appellee.

Before I'ANSON, C. J., and CARRICO, HARRISON, COCHRAN, HARMAN, POFF and COMPTON, JJ.


HARRISON, Justice.

We consider here the effect of a withdrawal of stockholders holding a majority of the stock from an annual stockholders' meeting. The court below held that a quorum was broken by such withdrawal and that no business could thereafter be conducted by the remaining stockholders.

Levisa Oil Corporation was organized in 1946 to conduct a general mercantile business, and its principal office is located in Grundy, Virginia. On January 1, 1973,...

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