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BROWN v. FIRST NAT. BANK OF MONROEVILLE

82-500.

447 So.2d 145 (1983)

C.E. BROWN, Jr. v. The FIRST NATIONAL BANK OF MONROEVILLE, etc., et al.

Supreme Court of Alabama.

Rehearing Denied March 2, 1984.

Attorney(s) appearing for the Case

J. Milton Coxwell, Jr. of Coxwell & Coxwell, Monroeville, for appellant.

William A. Robinson, Larry B. Childs, and Deborah J. Long of Cabaniss, Johnston, Gardner, Dumas & O'Neal, Birmingham, for appellees.

Terry R. Smyly, Asst. Atty. Gen. and Gen. Counsel, State Banking Department for Kenneth R. McCartha, as Superintendent of Banks, amicus curiae.

FAULKNER, Justice.

D.M. Maxwell brought an action in which C.E. Brown intervened as a party plaintiff, seeking to force The Monroe County Bank to divest itself of First National Bank of Monroeville stock held by it. The complaint alleged that Monroe County Bank's ownership of the stock was illegal and that the bank was not entitled to any of the incidents of ownership of the stock. After a trial on the merits, the trial court decided the issues in favor of the banks...

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