PRIVATE LANDS, INC. v. SMITH


15 Pa. D. & C. 3d 461 (1979)

Private Lands, Inc. v. Smith

Common Pleas Court of Franklin County, Pennsylvania.

December 21, 1979.


Attorney(s) appearing for the Case

John N. Keller, for plaintiff.

Richard C. Fox, for defendant.


SPICER, P.J., Specially Presiding, December 21, 1979.

Plaintiff filed an action in equity seeking to compel defendant to specifically perform an agreement to sell stock. Plaintiff is a corporation and defendant a shareholder therein.

The corporation and its shareholders entered into a stock restriction agreement sometime in 1976. According to section 2(a) of the agreement, the corporation had an option of purchasing shares at book value when a shareholder...

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