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FRASIER v. TRANS-WESTERN LAND CORP.

No. 44217.

316 N.W.2d 612 (1982)

210 Neb. 681

William R. FRASIER and Barbara L. Frasier, husband and wife, Appellants, v. TRANS-WESTERN LAND CORPORATION, a corporation, G. Fredric Wood, and Ted Deyle and Platte Valley Land Company, a corporation, Appellees.

Supreme Court of Nebraska.

February 26, 1982.

Attorney(s) appearing for the Case

Jim Zimmerman of Atkins, Ferguson, Hahn, Zimmerman & Carney, Scottsbluff, for appellants.

Robert W. Mullin of Van Steenberg, Brower, Chaloupka, Mullin & Holyoke, Scottsbluff, for appellees.

Submitted without oral argument.

KRIVOSHA, C. J., and BOSLAUGH, McCOWN, CLINTON, WHITE, HASTINGS, and CAPORALE, JJ.

KRIVOSHA, Chief Justice.

The instant appeal presents to the court what appears to be a matter of first impression in this jurisdiction. It concerns a dispute between stockholders as to whether certain stock of Trans-Western Land Corporation (Trans-Western), held in the name of William R. Frasier and Barbara L. Frasier (Frasiers), was issued without consideration and therefore void. The result of that fact would be to find that the Frasiers were not stockholders of...

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