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WINTER v. SKOGLUND

Nos. C5-86-637, C7-86-848.

404 N.W.2d 786 (1987)

Max WINTER, et al., PJ Acquisition Corporation, Respondents, v. John C. SKOGLUND, et al., Appellants, Respondents, First National Bank of Minneapolis, et al., Defendants, Appellants.

Supreme Court of Minnesota.

Rehearing Denied May 27, 1987.

Attorney(s) appearing for the Case

Joe A. Walters, Lawrence A.G. Maloney, Corey J. Ayling, Minneapolis, for John C. Skoglund.

Eric J. Magnuson, Minneapolis, for First Nat. Bank of Minneapolis.

Leonard J. Keyes, David C. Forsberg, Richard C. Mark, Michael H. Streater, St. Paul, for Max Winter, et al.

Jerome P. Simon, Geoffrey P. Jorpe, St. Paul, for PJ Acquisition.

Heard, considered, and decided by the court en banc.

OPINION

SCOTT, Justice.

Max Winter, his three daughters, and PJ Acquisition Corporation brought a declaratory judgment action to establish the invalidity of a March 21, 1984, instrument, which purported to subject Winter's Class B voting stock of Vikings II, Inc., to a right of first refusal. The defendants, Vikings II, Inc., and the other holders of legal or beneficial interests in Vikings II, Inc., Class B voting stock, counterclaimed. They sought specific...

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