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APICELLA v. PAF CORP.

Nos. 47547 and 47660.

17 Ohio App. 3d 245 (1984)

APICELLA, APPELLEE, v. PAF CORPORATION ET AL., APPELLANTS.

Court of Appeals of Ohio, Cuyahoga County.

Decided June 25, 1984.

Attorney(s) appearing for the Case

Hertz, Kates, Friedman & Kammer, M. Colette Gibbons and Karl D. Kammer, for appellee.

Michele M. Lazzaro, Charles W. Lazzaro and David P. Surtz, for appellants.

NAHRA, J.

PAF Corporation ("PAF") was incorporated in April 1967, to engage in various real estate transactions. Five hundred shares were authorized at $100 per share. Theodore G. Poulos, Michael Fornaro, Jr., and Peter Apicella each purchased two shares. No other shares have been issued. Apicella, Fornaro and Poulos elected themselves as directors and elected Poulos as President, Fornaro as Vice President, and Apicella as Secretary and Treasurer. Poulos and Fornaro...

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